Iraq Petrochem & Heavy Industry 2013 / May 28 & 29 2013

Why Iraq?

Iraq’s GDP is expected to surge by 9% in 2013, beating China, and positioning Iraq as the world’s second fastest growing economy.

Iraq will account for 45 %of the globe’s oil production over the next two decades, replacing Russia as the world’s second-biggest oil exporter.

Iraqi central bank’s foreign reserves are expected to reach $110 billion by the end of the year, while Iraq’s oil production surpassed 3 million barrels-per-day for the first time in 30 years.

Iraq’s is experiencing improved stability. Sectarian violence has plunged by 90% since 2006-2007.


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