VOL. XLVII

No 10

08-March-2004

IRAQIraqs Upstream Development: A Look Ahead

As with the rest of the economy, reality has finally caught up with the perilous state of Iraqs oil industry. The euphoric prospect of Iraqi oil flooding world markets soon after the fall of Saddam Husain, or oil revenue being more than enough to meet post-war reconstruction costs, is now forgotten.

Instead, Iraq is struggling to raise and maintain production and exports at pre-war levels. Plans for serious development of...