As oil rebounds and economy poised to recover Iraq eyes foreign investment

As oil rebounds and economy poised to recover Iraq eyes foreign investment

Iraq is poised to attract significant foreign investment into its energy sector, in tandem with expected higher revenues following the Opec+ decision to raise output that will help strengthen its weak fiscal position.

Baghdad, a founding member of Opec and the group's second largest producer, is forging ahead with a number of public and private sector transactions that the government hopes will shore up its finances after it was forced to devalue its currency last year.

Iraq's investment drive is in stark contrast to its fiscal position last year, when its economy was on the brink of collapse, with the public sector burning through