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Commodities Briefing - Categorized | Market Moves, Oil more

Iraq is still a game changer, and OPEC should be scared

Posted on 25 July 2013

Iraq is the bad boy of the global oil scene, callously pursuing its interests despite its impacts on others. Investors who want to understand how the global oil picture develops over the next few years need to be aware of Iraq’s ambitions. The country risks incurring OPEC’s ire as it seeks to grow production significantly over the next few years.
At the same time, the country has inflamed tensions with the autonomous region within its borders, the Kurdistan Regional Government, or KRG, over oil sovereignty. Initially, oil and gas companies, lured by Iraq’s enormous reserves, were willing to go on a first date, but the KRG’s also-lucrative reserves and more attractive legal and operating environment have stolen many of Iraq’s original suitors………………………………………..Full Article: Source


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VRS - who has written 37533 posts on Opalesque Commodities Briefing.


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