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Does The US Own Oil Fields In Iraq?

January 24, 2024 by David Evans

Does The US Own Oil Fields In Iraq? The end of the US military occupation does not mean Iraqis have full control of their oil. Baghdad, Iraq – While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain. … Both fields are

Is Iraq A Command Economy?

January 24, 2024 by David Evans

Is Iraq A Command Economy? Nevertheless, Iraq was a centrally directed command economy that was heavily dependant on oil revenue to fund its key institutions and its development program. What type of economy is Iraq? Iraq has a mixed economic system which includes some private freedom, combined with weak centralized economic planning and government regulation.