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International Journal of Energy Economics and Policy

Yıl 2014 , Cilt 4 , Sayı 2

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Foreign direct investment in post-conflict countries: the case of iraq’s oil and electricity sectors

Yazar kurumları :
Business Consultant - ISL Business Consulting San Diego, CA, USA1, Technology University2, Northcentral University3
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Özet Türkçe :

Foreign direct investment is new phenomenon to Iraq, a post conflict country with abundance of natural resources. With dominant state-controlled public sector, attracting foreign investment is an added challenge to an economy devastated by years of wars. A qualitative case study was conducted to assess determinants of foreign direct investment in Iraq’s energy sector. Data was collected from interviews with business and government subject matter experts, and a review of publically available documents. Lack of security, political instability, corruption, and inadequate government policies towards foreign direct investment as symptoms found and typically shared by other post-conflict countries. The persistence of violence was not seen as a deterrent; however, foreign direct investment activity in the energy sector was virtually limited to the semi-autonomous region of Kurdistan. Investments were either wholly-owned or joint-venture enterprises. Implications to other post conflict countries, using Kuwait and Nigeria as illustrative examples, are presented and recommendations made.

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