Title: Iraq: Mining, Minerals and Fuel Resources
Headings: Iraq: Mining, Minerals and Fuel Resources
Iraq: Mining, Minerals and Fuel Resources
Topics Covered
Welcome to Iraq
Overview of Resources
Industrial Minerals
Metals
Fossil Fuels
Investment
Sources

Content: Solving these issues will indeed give way for more investments and speed up the growth of the country’s non-oil and private sectors. Iraq is thus planning to introduce a new set of laws that will establish a modern legal framework for the oil sector and also develop a mechanism for equal distribution of oil revenues within the nation. The country hopes to expand its mineral industry in the near future and further enhance the supply of its commodities for the country’s reconstruction projects and infrastructure. The country’s production of natural gas and crude oil is also likely to increase through the enrollment of foreign oil companies in the development of the country’s hydrocarbon resources. The production of crude oil, cement, phosphate, sulfur and phosphate rock are also expected to see an increase in the future in order to satisfy the domestic demand for the country’s mineral commodities. Experts feel that it is high time the country shifted its focus onto the mining of commodities such as copper, iron, marble and phosphate that are available in plenty in Iraq’s Kurdistan region. Mining of these commodities will indeed boost the country’s economy that totally depends on its oil sector. With increase in the production of mineral commodities, development of new mining projects, attracting foreign investments, implementing new reforms and uprooting corruption, Iraq thus hopes to see a positive change in its mining sector in the near future. Disclaimer: The Author of this article does not imply any investment recommendation and some content is speculative in nature.