Abstract
Following a decline in the number of insurgent attacks on its population and its oil infrastructure, Iraq is trying to revive its oil industry by inviting foreign oil and gas companies to return to its upstream sector. Some progress has been made by the Kurdistan Regional Government (KRG) in the less‐troubled north of the country, but levels of inward oil investment remain small. Baghdad nevertheless hopes that a fall in violence in much of the rest of the country will tempt some more foreign companies and informal talks have already been held with a number of British and US oil majors.
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