Iraq’s hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port. Neglect, under-investment, combined with red tape, corruption and bureaucracy have left Umm Qasr port, near the oil hub of Basra, ill-equipped to deal with the demands of oil majors trying to pour tonnes of equipment into Iraq.
Green Marine
about 16 years ago
Iraq port buckles under demand of arriving oil majors
Iraq’s hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port. Neglect, under-investment, combined with red tape, corruption and bureaucracy have l
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