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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price drop threatens economic collapse

Posted on 23 February 2009

From Guardian: Iraq must curb its dependence on oil revenue and promote investment in agriculture and industry or it will face a severe economic crisis if oil prices remain low, the planning minister said on Sunday.

Private investment, both from Iraqis at home or abroad and from foreigners, is becoming increasingly crucial to ensuring that the security gains of the past year are not undermined by economic collapse, Minister Ali Baban told Reuters….. Full Article: Source


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