Middle East Economic Survey


No 30


Financial Constraints Hamper Iraqs Oil Sector Plans, Says Janabi

A shortage of financial resources is hampering the Iraqi Oil Ministrys plans to develop the hydrocarbon sector, according to Minister of State Adnan al-Janabi, in an interview with al-Hayat published on 20 July. Mr Janabi, a former OPEC Secretariat official, said the current budget allocation was supposed to meet the cost of maintaining oil installations, but the amount is...