New Revenue Sharing Scheme Could Lead To Iraqi Oil Renaissance ...Middle East

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New Revenue Sharing Scheme Could Lead To Iraqi Oil Renaissance
source : OILPRICE ( Middle East ) () 38
Iraq has been looking to bring foreign oil company money and expertise into the fold, and it looks like it may have finally found a way to make doing business in Iraq attractive enough.  Iraq’s economy depends on oil, which accounts for 99% of Iraq’s exports and 42% of its GDP, according to the most recent World Bank estimates. This heavy reliance on oil revenues has somewhat diminished Iraq’s concern with the carbon intensity of its oil operations, although now, with Western oil companies feeling the pressure to…

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