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Investing in Energy: A Primer on the Economics of the Energy Industry by Gianna Bern

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Iraq's Road to Recovery

After years of neglect, sanctions, and underinvestment, Iraq's energy sector has come a long way. While there is much work ahead, Iraq has revitalized its oil and gas sector under Oil Minister Hussain al-Shahristani. Iraq has implemented its first two bid rounds that attracted the participation by most of the largest oil majors. Given the complexities and challenges associated with Iraq, why is it on my short list of investment opportunities? In the Middle East, a region that has very limited opportunity for investors, Iraq is one of the few investment opportunities available. There are numerous global oil and gas companies that have ventured into this arena with the hopes of establishing a foothold in what I would refer ...

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