A SUSTAINED UPTICK IN VIOLENCE SO FAR THIS YEAR IN IRAQ

"As we have mentioned before, the war in neighboring Syria is negatively impacting the security situation in Iraq ... While civilians have been the primary target of the insurgent violence, Iraq’s energy infrastructure has not been entirely spared. The Kirkuk-Ceyhan pipeline has been repeatedly bombed and senior Iraqi officials acknowledge that attacks will likely continue because the pipeline runs through insurgent strongholds ... Over the next two years, a water shortage could stoke the potential for unrest in southern Iraq. In the medium term, the government is likely to face a dilemma on ensuring adequate supplies of water to Iraq’s southern residents while also allowing for increased water for improved oil recovery to meet production targets. As oil and power sector water needs increase, the government will have to juggle the water requirements of restive citizens in Basra, which has in the past experienced protests during extensive power outages."

Zum Auszug von Barclays Research, erschienen auf ZeroHedge (14. Oktober 2013) »