Will Iraq Oil Production Help The Dinar Value?
There is quite a bit of news as of late in regards to Iraq oil production increasing, or rather soaring in some cases and that will surely have an effect on the value of the Dinar. This increased production of oil which will bring a much needed influx of cash to the war torn nation, looks like more stability to potential investors. The first article below even states that oil production will triple in 6 years which would certainly be a boom to the economy. Other articles and opinions are listed as well.
Iraq Set To Triple Oil Output In Six Years. Iraq, which is currently producing more than three million barrels of crude oil per day, will increase its capacity of production to more than ten million barrels a day in the next six years.
Tuesday, 24 April 2012. A recent report called on oil companies and the international community to not make any agreements on disputed territories in Iraq, adding that time was running out to reach a solution for both Iraq's ...
BAGHDAD (AP) — Iraq says oil exports jumped by 15 percent in March compared to the previous month, putting them at the highest level the nation has seen since 1989. Oil Ministry spokesman Assem Jihad said Sunday that ...
Iraq also exported its first crude oil cargo from an offshore terminal as reported by XE.com:
Iraq exported its first cargo of crude oil of two million barrels from its second new floating terminal in the Gulf on Tuesday, shipping data tracked by Reuters showed.
And here is a look at investing in oil rich countries such as Iraq and the risks involved:
Investment in oil-rich countries: case of Iraq - Tweet It took 9 years for Iraq to create the environment in order to encourage investors to direct their capital into the country's economy...
Hopefully, those that want to cause chaos in Iraq will see that without a strong economy the country will not succeed. Investors in Iraqi Dinars and other assets are feverishly awaiting increased stability so their investments will pay off and a robust Iraq economy will be enjoyed by all.