There is no practical impediment to Iraq becoming a world-leading exporter of petrochemicals, given its huge oil and gas resources. It holds an estimated 145 billion barrels of proven crude oil reserves - around 9 percent of world’s total – although this is a very conservative estimate. The International Energy Agency’s 2012 analysis highlighted potentially around 232 billion barrels of recoverable crude and natural gas liquids, as analysed in depth in my new book on the new global oil market order.
Similarly, Iraq’s…Iraq’s Endemic Corruption Costs It Another Massive Oil and Gas Opportunity
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