VOL. XLV

No 51/52

23/30-December-2002

IRAQ

$30-40Bn Needed To Sustain/Develop Iraqs Oil Industry, Says CFR/Baker Report

US policy towards a post-Saddam Husain Iraq should be informed by a realistic assessment of how the country will attract the estimated $30-40bn in new investment it needs to rehabilitate active wells and to develop new fields. This is one of the observations in a Report of an Independent Working Group Cosponsored by the Council on Foreign Relations (CRF) and the James A Baker...