Launched in Silicon Valley California in 2003, IraqProject.com is a Marketplace and Business Development firm dedicated to the reconstruction and economic development in Iraq. We bring in together corporations, lending institutions, entrepreneurs, suppliers, and contractors from inside and outside Iraq.
Our services include Joint Ventures Strategies, Project Management, and Investment Promotion in Iraq. We offer customized studies and forecasts on different segments of Iraq economy. IraqProject.com is non-political organization for all companies interested in the new democratic Iraq. Our firm is dedicated to transform Iraq to an active member of the world economy. Companies and organization interested in the reconstruction effort can contact us. We will log your information into our database for a match with recent requirements from our existing partners and investors.
Poised for Prosperity, Iraq’s Oil Auction will add 9.6 million b/d by 2017
While its proven oil reserves of 112 billion barrels ranks Iraq second in the work behind Saudi Arabia, US Energy Information Administration (EIA) estimates that up to 90-percent of the county remains unexplored due to years of wars and sanctions. Unexplored regions of Iraq could yield an additional 100 billion barrels. Iraq’s oil production costs are among the lowest in the world. However, only about 2,000 wells have been drilled in Iraq, compared to about 1 million wells in Texas alone.
Eric J. Fox, is the founder of Brittain Capital Management, claims that Iraq’s ambitious plans to boost oil production are just getting started as the world’s biggest oil companies work on development plans to reinvigorate existing fields and explore in new areas. If Iraq is successful, the country would rival Saudi Arabia and Russia as the one of the largest oil producers in the world.