23 November 2018
Fate of Iraq’s ’last-chance’ government hangs on Basra
The recent summer protests in Basra were more intense than in the past and are a wake-up call for the Baghdad authorities
The alarming level of violence in southern Iraq's cities shook the foundations of the state. Unlike in previous years, this mood of unrest isn't something that will fade, now that the Iraqi summer inferno has passed. The issue is serious. Iraq simply can't afford to lose control of Basra, its main oil-producing and exporting region. At stake is the beating heart of the nation's economy and the petrodollars needed for reconstruction. As the saying goes here, "the rise of Iraq or the failure of Iraq, is underpinned by Basra". The protests can't be wished away with promises to quickly fix electricity problems or create more jobs. To rational observers, it feels like something has truly br
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy