Middle East Economic Survey


No 2



Basri Says New Oil Deals Are Best Option To Finance Iraqi Reconstruction

Recently awarded oil deals by Iraq under the first and second bid rounds, which are intended to raise production to over 11mn b/d over the next 10 years, are the best option to raise the necessary government revenue to finance the cost of Iraqi reconstruction of some $187bn, argues Iraqi economist Kamal al-Basri in new research made available to MEES. In his paper...