Since June 2009, the Government of Iraq (GoI) has secured nearly a dozen major oil field technical service agreements with international oil companies (IOCs) after two highly publicized bidding rounds. The deals are seen as the cornerstone of Iraq’s economic development in the coming years. While future oil production has been rather optimistically projected as high as 12 million barrels per day (bpd) by 2020, significant obstacles to the development of the oil and gas industry remain.
The Status of Forces Agreement and Investing in Iraq: Risky Business?
In spite of ongoing security and political instability, Iraq remains one of the most fertile yet volatile regions in the world for emerging business opportunities, specifically in the petroleum industry. Since the completion of the widely successful “surge” and implementation of the Status of Forces Agreement (SOFA), Iraq has experienced slow but steady improvements in security and economic opportunities in the petroleum sector. As a result, there has been an influx of international companies eager to engage Iraq’s ministries for access to these lucrative markets.
Transnational Networks and Local Challenges: Iraqis in Cairo
Originally posted March 2010
It is estimated that over four million Iraqi refugees have fled to neighboring countries in the region since the 2003 war began. While migration continued after the war, the peak of this influx was witnessed particularly in and after 2006 due to the acceleration of violence in central and southern Iraq. More particularly, the majority of these refugees fled due to direct threats to their lives and their immediate families.
