August 1, 2012

U.S. Oil Firms Build Fiefdom in Iraq

Steve LeVine, Foreign Policy

AP Photo

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.

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TAGGED: oil, Kurdistan, Iraq

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