VOL. XLVI

No 17

28-April-2003

IRAQ

Iraq: Future Budgetary Capacity Will Be Constrained Says PFC Energy

Iraqs budgetary capacity until the end of the present decade is likely to be seriously constrained even under the most optimistic assumptions, leaving $15bn per year for current spending and only $5-7bn per year for development and capital expenditure projects, according to a 17 April report from PFC Energys Market Intelligence Service. PFCs findings are in line with recent MEES best-case...