From Barrels of Oil to Burgers

A major landmark was reached in the past week when the Iraqi federal government and Kurdistan Regional Government (KRG) agreed on the first payments to oil companies operating in Iraqi Kurdistan.

And while oil revenues are the backbone of the Iraqi economy, and international oil companies (IOCs) are essential to that reconstruction of the country, it would be a mistake to think that oil is the only game in town.

Now, even an enterprising burger chain from New Zealand also has found that the time is right to enter the Iraqi market.

With increasing disposable income over the coming years, the population will require all the  goods and services that are taken for granted in more developed economies.

What can your business offer?

Will it be part of the new Iraqi success story? If so, Upper Quartile and AAIB are the perfect team to help you manage the risks and grasp the opportunities. For more information please contact Gavin Jones or Adrian Shaw.

One Response to From Barrels of Oil to Burgers

  1. Re da Caste May 12, 2011 at 11:19 pm #

    What means “agreed on the first payments”? Has it been paid? Don’t think so. Now, when are the payments going to be paid? This week, next week, WHEN? What means “soon” in the language: in a week, month, year? It is not possible to TRUST a country when time and planning is not important.