RealNews

Law Could Help Modernize Iraq Oil Sector

A new draft hydrocarbons law will pave the way for “transparent and fair” competition in bids to develop Iraq’s oil wealth, the oil minister said Sunday as he sought to restore the confidence of foreign investors. The new law, if approved, is expected to encourage foreign oil companies with their investment clout and technology to modernize Iraq’s oil sector and meet the country’s goal of doubling the current crude production of 2.5 million barrels per day by 2010. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.