Carving Up Iraq, Barrel by Barrel

Carving Up Iraq, Barrel by Barrel

Posted: 01 Jun 2012 02:54 PM PDT

Iraq’s latest energy auction was a flop, and while major international companies balked at everything from unattractive contract terms to security concerns, the failure of the auction highlights how the struggle for power between north and south is shaping the future of energy in the region and beyond. Earlier this week, Iraq held its fourth round of energy auctions with disappointing results that reflect the global gas glut, the rise of unconventional oil and gas and some very particular geopolitical maneuverings. During the two-day auction…

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