Tag Archives : invasion of Iraq

Iraq Petro-State: the ironically cruel fate of owning vast untapped oil reserves

Iraq Petro-State: the ironically cruel fate of owning vast untapped oil reserves

Modern Iraq is all about oil. It exists for and because of it. Its turmoil and troubles are due to it. Wars have been waged on the country’s soil because of the black gold mine that lies under the ground. Iraq has ‘one of the world’s great hydrocarbon preserves,’ with proven oil reserves of 115 billion barrels. It is the third largest oil [...]
Yes, there’s business in Iraq for foreign investors (that isn’t oil)

Yes, there’s business in Iraq for foreign investors (that isn’t oil)

Iraq has been showing signs of sure recovery from the devastations of war. After the US nearly flattened some parts of the country with the much criticized ‘US invasion to liberate Iraq,’ American investors now attempt to create a much needed economic crust, that of Iraq’s private sector. This is probably what is most needed in a time when national [...]