Thursday, 4 August 2011

Libyan war presents opportunity for Iraqi oil sector - The National

The conflict in Libya that has blocked ports and pipelines could be a boon for Iraq.

As the civil war in the North African nation approaches the six-month mark, Iraq is enjoying increased security and is pursuing a target to pump as much oil a day as Saudi Arabia.

'There will be people who were tied up on projects in Libya who will be looking for another place to invest,' says Erin Miller Rankin, a construction and project lawyer in Dubai at Freshfields Bruckhaus Deringer. 'Iraq is going to boom.'

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