« Checking In | Main | Bureau... no... techno... hmm... no. »

Privatization Issues in Iraq

(Posted by Robert Garcia Tagorda)

Much to the chagrin of Hayekian Greg Ransom, the Associated Press reports that the privatization of Iraq's state-run oil industry has become a low priority. Why? Besides the difficulty of selling assets within a limited time frame, we have this explanation:

"Even the U.S. has lost interest, mainly because the Iraqis themselves are so 'anti.' It's a nationalistic thing," Leo Drollas, chief economist at the Center for Global Energy Studies, said from the center's London office.

Iraqi oil officials have debated among themselves whether to transform their centralized industry into a Western-style mosaic of firms, said Thamer al-Ghadban, a senior adviser at the Oil Ministry. For now, the consensus is clear.

"There is no policy to privatize the Iraqi industry," al-Ghadban said.

The report misses one critical point. What is it? Find out here.


The comment section for this entry is now closed.


Advertisements









rightads.gif

beltwaybloggers.gif

insiderslogo.jpg

mba_blue.gif

Follow Wizbang

Follow Wizbang on FacebookFollow Wizbang on TwitterSubscribe to Wizbang feedWizbang Mobile

Contact

Send e-mail tips to us:

[email protected]

Fresh Links

Credits

Section Editor: Maggie Whitton

Editors: Jay Tea, Lorie Byrd, Kim Priestap, DJ Drummond, Michael Laprarie, Baron Von Ottomatic, Shawn Mallow, Rick, Dan Karipides, Michael Avitablile, Charlie Quidnunc, Steve Schippert

Emeritus: Paul, Mary Katherine Ham, Jim Addison, Alexander K. McClure, Cassy Fiano, Bill Jempty, John Stansbury, Rob Port

In Memorium: HughS

All original content copyright © 2003-2010 by Wizbang®, LLC. All rights reserved. Wizbang® is a registered service mark.

Powered by Movable Type Pro 4.361

Hosting by ServInt

Ratings on this site are powered by the Ajax Ratings Pro plugin for Movable Type.

Search on this site is powered by the FastSearch plugin for Movable Type.

Blogrolls on this site are powered by the MT-Blogroll.

Temporary site design is based on Cutline and Cutline for MT. Graphics by Apothegm Designs.

Author Login



Terms Of Service

DCMA Compliance Notice

Privacy Policy