Investors are reluctant to invest in Irak and Iran
Total, Royal Dutch Shell, Eni and Statoil - Hydro all operate in Iran, and continue to do so despite political pressure not to. Total recently pulled out of a deal to develop the South Pars gas field in Iran, - the worlds largest - strenuously denying that they had come under political pressure to do so. Also, according to the International Energy Agency, Iraqi oil production has now recovered to its pre war level, 2.3 million barrels per day. I'm sure this would not have been possible without the help of western oil companies.
R5