August 1, 2012
U.S. Oil Firms Build Fiefdom in Iraq
Steve LeVine, Foreign Policy
Less than a year after the departure of U.S. troops from Iraq, Baghdad is losing a primary lever over independent-minded Kurdistan -- its grip on the northern region's revenue-earning oil industry. Kurdistan's secret weapon? Foreign oil companies are exasperated with Baghdad's stinginess and allured by the Kurds' more liberal terms for oil contracts.
TAGGED: oil, Kurdistan, Iraq