IRAN: Not just about oil

Seymour, Richard
June 2003
Middle East;Jun2003, Issue 335, p26
The article focuses on the reconstruction of Iraq after the end of the war between Iraq and the U.S. Iraq's oil reserves are the second biggest in the world is seen as proof enough that the western world wants to get its hands on them, but, in reality, Iraq produces no more than 3% of the world's output. And with the oil resources of West Africa, the Caspian Sea and Russia being developed, the time, money and trouble inherent in upgrading Iraq's oil industry is barely worth the effort. If the Iraqi people are allowed to run their own affairs and succeed, against the current odds, in building shining new hospitals, schools and public transport with their own oil revenues, the populations of countries such as Iran, and others in the region will want to know why, if it can work for the Iraqis, it will not work for them.


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