VOL. XLVI

No 18

05-May-2003

IRAQ

Iraqi Oil Industry Sets Out On Long Road To Recovery

The conclusions of the US State Department-sponsored Oil and Energy Working Group on the shape of the Iraqi oil industry in the years to come demonstrate a clear preference for the wholesale privatization of the industry as the best means of maximizing the benefits to the Iraqi people. In Baghdad, efforts to jump start a political process got off to a hesitant start on 28 April, with sporadic violence and limited...