Iraq’s overreliance on oil threatens economic, political strife | Oil and Gas News

Iraq’s overreliance on oil threatens economic, political strife | Oil and Gas News

With an economy so reliant on oil, Iraq has long faced a tough balancing act between the short-term gains that can come from ramping up production and the long-term problems that can arise from overproduction. Last week, the Iraqi oil ministry announced that it was rectifying a swing too far…