Must Read

PrintPrint EmailEmail ShareShare CiteCite


Bloomberg: Iraq Can Lead the Arab World If It Gets Oil Policy Right: View

December 13, 2011


If Iraq can attract foreign investment and revive its petroleum industry, it stands to become the most advanced Arab country, claim Bloomberg editors.

U.S. President Barack Obama and Iraqi Prime Minister Nouri al-Maliki had many important issues to discuss yesterday in Washington: the impending withdrawal of the last U.S. troops from Iraq, the fragility of democracy there, the looming presence of Iran on its border and so on.

But an item further down the agenda may well be the most important factor in Iraq's future: oil.

Iraq possesses the fourth largest proven oil reserves on the planet. That treasure once made the country one of the most economically developed in the region. If it can re-energize its petroleum industry, Iraq, with its emerging democracy, can become the most advanced nation in the Arab world.

Full Text of Document

More on This Topic


The World Next Week: May 28, 2015

Muhammadu Buhari is sworn in as Nigeria's next president; Philippine President Benigno Aquino visits Japan and more candidates announce their...


The World Next Week: May 21, 2015

The UN Security Council discusses sanctions against North Korea, Ireland holds a referendum on same-sex marriages and a reporter detained in...


The World Next Week: May 7, 2015

President Obama hosts leaders from the Gulf Cooperation Council; the Washington International Trade Association discusses the Transpacific...