VOICED: Iraq's oil reserves, an El Dorado for foreign firms

Iraq aims to generate $1.7 trillion in oil revenue over 20 years by opening its oil fields to foreign investment, a move opposed by many due to the industry's nationalization in 1972. The government insists this is for the country's benefit, but a recent auction failed as foreign firms found potential profits too low. Iraq needs modern technology and revenue for reconstruction, with its vast oil reserves offering potential, but challenges remain.

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