Security concerns are growing in Iraq. “The spillover impact from Syria’s civil war could yet have far-reaching implications for Opec’s Middle East producers,” the IEA says. Iraq is already feeling that spillover effect, as sectarian violence escalates between the country’s ruling Shiite majority and Sunni minority. Iraq’s oil sector could soon be in the firing line. But security risk alone is not enough to deter investment by foreign oil firms.
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