Telecom/Mobile News Headlines | Tech News – Yahoo! India News: Nine years on, Iraq's economic potential still untapped

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Nine years on, Iraq's economic potential still untapped Dec 14th 2011, 15:52 BAGHDAD (Reuters) - Four years ago, Iraq's oil minister Hussain al-Shahristani confronted a stark choice: should he risk opening Iraq's ailing oil industry to foreign companies? Iraq's oil sector was limping along after years of sanctions and conflict following the U.S. invasion in 2003, and badly needed more investment. But bringing in Big Oil could expose a vulnerable country to rapacious bids and exploitation. ...

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