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How Is Iraq Managing Its Oil?

Iraq is the second-largest OPEC oil producer, believed to have huge unexploited reserves that will make the country increasingly rich as it modernizes its decrepit energy infrastructure.    Iraq holds a strategic position at the center of regional rivalries, and is perhaps the only country that maintains close security, political, and economic relations with Iran, the United States, Saudi Arabia, and other competing powers. The underdeveloped oil sector underlies much of Iraq’s significance, wealth, and potential power in the region.   An expert in Iraq’s oil sector and the international companies that compete for contracts in Iraq, Samya Kullab gives an overview of Iraq’s burgeoning oil sector, and its intersection with policy.    Participants include: 1. Samya Kullab, senior correspondent, Iraq Oil Report 2. Thanassis Cambanis, senior fellow, The Century Foundation