Wed, Oct 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Investment, Market Moves, Oil more

Investors shun post-war Iraq as rising OPEC star’s recovery lags

Posted on 19 December 2012

Nine years after U.S.-led forces toppled the dictatorship of Saddam Hussein, even specialists in frontier markets are backing off from Iraq. Daily blackouts, congested ports and other infrastructure woes compound investor concerns about violence and corruption, and a broad recovery continues to elude this energy-rich nation of 33 million people.
Iraq generated $7.8 billion a month from oil sales this year and seeks to triple output of crude by 2020. The economy, adjusted for inflation, is set to expand by 14.7 percent in 2013, 12 percent in 2014 and 9.3 percent in 2015, according to an International Monetary Fund forecast………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031