Tag Archives | foreign investment in Iraq

Experts Urge Changes to Iraqi Investment Law

Two Iraqi economists criticized the Iraqi investment law for supporting foreign investors and sidelining local businessmen, urging the government to amend the law radically. The law opens all sectors and areas of investment to foreign and Iraqi investors, except for oil and gas extraction and production, and banking and insurance. AKnews reports that according to […]

Foreign Investment Continues, as Lukoil Announces Plans

Foreign direct investment continues in Iraq as the pace picks up on the rehabilitation of the country’s infrastructure and economic base.  Russian-based LuKoil is to drill its first exploration well at Iraq West Qurna 2.  Mr. Vagit Alekperov CEO of LUKoil said that Russia’s largest privately held oil company, LUKoil, "[will] start drilling the first […]