“Country Report Iraq May 2011” added to ReportBuyer.com

May 25, 2011 - PRLog -- ReportBuyer.com has added a new report http://www.reportbuyer.com/go/EIU03953

Outlook for 2011-12

   The drawdown of US forces, and the continued weakness of central authority, may allow militia and insurgent groups to re-establish themselves in some areas, although violence is unlikely to return to 2006-07 levels.
   The government of national unity, which brings together the four largest political groups, will continue to be weak and divided, and some blocs are likely to pull out to join the parliamentary opposition.
   The role of foreign oil companies will expand, as they are drawn in by the unique opportunity presented by Iraq's massive oil reserves.
   The fiscal account registered an estimated surplus of US$1.2bn in 2010, but will move into deficit in 2012 as capital spending increases.
   Economic growth is likely to strengthen in 2011-12, as investment in a range of oil and infrastructure projects picks up, and improving security boosts consumer demand and, in turn, wholesale and retail trade.
   The current account will largely track movements in oil export receipts. Having recovered strongly in 2010, after a sharp fall in 2009, export earnings are expected to register substantial growth in 2011-12 as oil output rises.

Monthly review

   Protests against perceived government inefficiency and corruption have continued, despite a government crackdown on both protesters and media organisations covering the movement.
   A new advocacy group has been started by the followers of a Shia cleric, Moqtada al-Sadr. Al-Munasaroon, which the Sadrists have said is a peaceful, non-armed group, will focus on championing popular demands.
   Iraq has agreed contracts with a number of firms to work on a range of electricity projects in an effort to reduce the country's severe generation deficit, which is the source of large-scale discontent among Iraqis.
   The fourth oil and gas bidding round for 12 blocks across Iraq has been delayed. Having originally been scheduled for November, the oil ministry has announced that the auction will now take place in January 2012.
   Oil export revenue reached a post-war high of US$7bn in March, despite a reduction in production and export volumes following attacks on oil infrastructure. The monthly revenue is US$1.8bn over the budgeted levels.
   A lawyer for Kuwait Airways has declared that the company would seek the seizure of Iraq's assets after UN sanctions, and protection of Iraqi assets by the Security Council, are lifted on July 1st.

Country Report Iraq May 2011:  published 5/13/2011 is available at:
http://www.reportbuyer.com/countries/middle_east/iraq/cou...

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