From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Is Iraq’s pivot to refined oil a pipe dream?
The vulnerability of Iraq’s hydrocarbon-dependent economy to geopolitical shifts and regional instability is by now established wisdom.
Yet, despite the political and economic expertise levied to provide a solution, a pragmatic path out of heavy reliance on crude oil remains an enigma.
Aiming to take the initiative, Baghdad has this year intensified an ambitious nationwide program to develop domestic refining capacity by overhauling its downstream oil and gas sector.
