Oil and gas to energise Iraq's economic fortunes.

From: The Middle East | Date: May 1, 2008| Author: Ford, Neil | Copyright information

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WHILE OIL MAY be one of the main causes of Iraq's ongoing troubles, the national coffers will at least be boosted by rising hydrocarbon revenues. Higher oil production and record international prices have combined to generate increased revenues that could be used to speed up the reconstruction effort. In its latest quarterly report, the Office of the Special Inspector General for Iraq Reconstruction (SIGIR) predicts that Iraqi oil revenues in 2008 ...

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