Iraqi’s Oil Ministry has signed twelve oil deals in the last two years. It’s hoping that they will dramatically boost exports, which account for 90% of the government’s revenue, and provide jobs and development as well. The 2010 budget will also pay provinces that produce oil $1 per barrel. Some Iraqis are not satisfied with these promises, and are taking matters into their own hands by protesting against encroachments upon their property, and threatening international oil companies unless they are paid directly. This could cause problems for the Oil Ministry’s plans, and may ironically lead the government to crackdown on its own people to develop the country’s greatest resource. This is an issue that needs close attention as the work on the petroleum fields unfolds.
Daood, Mayada, “al-maliki gambles on the deficit,” Niqash, 2/23/10
Gentile, Carmen, “Tribal demands, alleged extortion stall oil development,” Iraq Oil Report, 6/2/10
Iraq, Ali Abu, “Iraq’s marsh dwellers denounce oil plans,” Iraq Oil Report, 6/7/10
Reed, Stanley and Razzouk, Nayla, “Iraq’s Economy Wakes Up,” Business Week, 4/22/10
Special Inspector General for Iraq Reconstruction, “Quarterly Report to the United States Congress,” 4/30/1