Money Still Flowing into Iraq

Posted by on Apr 04, 2014 | Leave a Comment

Iraq Business News:  With just four weeks left to the parliamentary elections, and all the uncertainty and risk that that brings, it is interesting to note that money is still flowing into the country and oil is still flowing out.

On the production and export side, the latest figures look very positive, and Lukoil has just started production at the giant West Qurna 2 oilfield.

As regards investment, we see Abu Dhabi’s TAQA pumping $300 million into its Atrush oilfield, and Samsung signing an $840 million deal at Zubair.

Meanwhile, analysis from our Expert Blogger Mark DeWeaver questions the official exchange rate for the Iraqi Dinar, arguing that “one exchange rate should be enough“.

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