Comments on: Investing in Iraq http://blogs.reuters.com/globalinvesting/2009/04/28/investing-in-iraq/ Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: sidney http://blogs.reuters.com/globalinvesting/2009/04/28/investing-in-iraq/comment-page-1/#comment-1630 Wed, 29 Apr 2009 13:08:43 +0000 http://blogs.reuters.com/globalinvesting/?p=1859#comment-1630 U Make excellent points. which is exactly why the U.S invaded iraq to begin with. all that stuff about 9/11 being the reason to invade iraq is nonsense. american saw dollar signs when it saw iraq. however with the countries likes saudia arabia who back al-qaeda, they are determined to make sure that the security situation in iraq never gets better, to ensure they remain america’s top oil dog.

]]>
By: Nikkei 225 http://blogs.reuters.com/globalinvesting/2009/04/28/investing-in-iraq/comment-page-1/#comment-1626 Tue, 28 Apr 2009 16:15:50 +0000 http://blogs.reuters.com/globalinvesting/?p=1859#comment-1626 With 115 billion barrels of proven crude oil reserves, Iraq has the world’s second-largest endowment of oil, amounting to 11% of the global total. Only 17 of 80 oil fields have been developed. There has been virtually no exploration for many years.

Iraq also has significant proven natural gas reserves; virtually all are undeveloped. This country is a raw diamond with loads of investment opportunities, (energy, construction, telecom), Iraq will boom as soon as the security and political situation has been stabilized.

]]>