An Eventful Week in Iraqi Business

It is surely significant for global oil supplies that within the past two weeks, two of the largest Iraqi oil fields have started production: Lukoil commenced pumping at West Qurna 2 at the end of March, while Shell exported its first crude from Majnoon this week.

As a result, oil production is set to rise sharply, and as our Expert Blogger Mark DeWeaver explains, this is one of the factors that should help to boost Iraq’s stock market, which has been held back by the uncertainty surounding the forthcoming parliamentary elections —  you can find the full list of candidates here.

Meanwhile this week, we have news of everything from new cement factories to new Pizza Hut franchises opening, and from new power stations to new the new Erbil stock exchange.

(Flag image via Shutterstock)

 

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