Iraq: Iraq Unveils Plan to Diversify Away from Oil

Apr 3, 2018 | Julianne Geiger, Oil Price
View Original

Iraqi Prime Minister Haider Al Abadi on Sunday unveiled an ambitious plan to end its dependence on oil through building up its private sector over the course of just five years. The plans are reminiscent of Iraq’s earlier plans to shift away from oil and towards the industrial sector, which were discussed in mid-2013. At the time, the plan faced many headwinds, including political discord and disruptive sectarian violence.