Iraq’s overreliance on oil threatens economic, political strife

[ad_1] With an economy so reliant on oil, Iraq has long faced a tough balancing act between the short-term gains that can come from ramping up production and the long-term problems that can arise from overproduction. Last week, the Iraqi...

Fitch Ratings upgrades Qatar to third-highest on back of gas expansion

[ad_1] Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said.Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on the back of revenues expected from its expanded gas fields, the agency has said. Revenues...