Regulating the oil and gas sector in Iraq

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The subject was very interesting day by day. I was looking to open up my eyes to show me interesting facts about the impact of oil wealth on the fate of the Iraqi. Historical stages different since ancient times Balbillion is used in building oil and boat industry and in medicine curing the skin diseases after it is mixed with alcohol. In the early 1920s, Iraq was under the control of the Ottoman Empire, which meant that Iraqi oil was exploited for the benefit of the Ottoman Empire. Until the 1960s, the Third World oil countries began to nationalize their natural resources and to withdraw all the oil licenses granted to the international oil companies However, this victory did not last long because of the lack of capital and the lack of modern technology required by the development of oil fields and the lack of technical experts able to manage production processes, Which led to most of the third world countries to reconsider the decisions of nationalization by granting oil concessions to the giant oil companies But Iraq was a special case . although was a difficult situation but Iraq Take a smart step by sending engineers and technical staff to Russia for training that why the Iraqi nationalize movement was very successful, since that time In Iraq the foreign investments were not welcome and national oil companies carry out all operations start from drilling till marketing in fact the 4 national oil companies were cover all local need. but in 2003 by American invasion Iraq force to open the door for the foreign oil companies such as Exxon mobile, shell chevron etc. that loss all year���s effort It is a crime against future generations