SWForidaGuy's thoughts

by **Ponee** Mon May 13, 2013 7:05 pm

5-13-2013 Newshound Guru SWFloridaGuy While Iraq is clearly still on the path to recovery there is much to be encouraged by. Iraq's proven natural gas reserves as of January 1, 2013 were the 12th largest in the world at 112 trillion cubic feet according to the Oil and Gas Journal. Progress has been hampered by political disputes and the lack of the HCL. The proposed HCL, which would govern contracting and regulation, has been under review in the Council of Ministers but has not received final passage. However, there have been several very encouraging reports that this issue will be resolved shortly. Although I'm a skeptic by nature I remain very confident that Iraq is headed in the right direction and one day we will profit from this endeavor... Iraq is clearly on a path to recovery, one that although promising does have certain obstacles that they must overcome to regain their well-deserved international standing. We recognize the GOI's ascendancy and corruption have convoluted matters and possibly delayed reforms. As usual, these are just my opinions, which may or may not be correct. If there was ever a country which was a good candidate for a revaluation it's Iraq. We will never be able to prove that a revaluation is coming...But it makes sense for a lot of different reasons and has only increased in value since I've had it. So, I will continue to wait and hope for the best possible outcome.

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