For those of you who may be following the news in Iraq and/or in the region, you may know that things are not in the best circumstances. Baghdad has a serious car bomb problem. The Iraq security forces are having trouble curtailing this as well as the hostile acts that occurring on a daily basis in Baghdad and the rest of the country.
We have neighboring Syria who may experience the most powerful war fighting machine this world has ever known. As our US congress votes in a few days on whether to give the current U.S. administration the thumbs up to start launching tomahawk missiles on Syria.
Western companies working in Iraq are slowing operations or they are moving operations out of harms way. Whether it may be internal threats or external such as; the possible future war in Syria with the West. The war in Syria would surely cause major disruptions inside Iraq for many western companies. U.S. has a very large Embassy and that most likely would be a target for militant groups that are waiting in the shadows for marching orders.
The warnings may become reality as the Iraq’s South Oil Company (SOC) is warning western companies in southern Iraq to restrict movements. And, the Syrian war has not even started yet. There could be logistic problems for many companies working within southern Iraq when you tell them that they can not move around. You will see the export of Iraq oil sales go down. In the future, you will see western companies that are located inside the Baghdad area and in the International Zone leave the area as attacks increase. “I think all Western companies should be careful to not have too many people in Iraq as long as the American war games last,” a senior oil executive in Baghdad has said.
The Wall Street Journal reported that the United States had intercepted an order from an Iranian official instructing militants in Iraq to attack U.S. interests in Baghdad in the event of a strike.
The Iraq government is contemplating on whether or not to have the elections next year in 2014.
The current government may use the excuse of the lack of security to postpone next years national elections. Prime Minister Maliki is still undecided on whether or not he will run again in 2014. And yes, he is eligible to run in next years elections if he so chooses.
On another note the Central Bank of Iraq continues to suspend the printing of the new Iraq currency. Some would like to dispute this as only rumors on the street and that this is all a bluff and will print sooner, however, that is simply not the facts. The Central Bank remains committed to a stable Iraq dinar. So, in the meantime, we will just have to watch and wait.
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