"Officials who question why contract prices are inflated receive warnings, including one who objected to a power plant in northern Salahaddin province that was overvalued by $600 million. He got a call when it became clear he would not sign off on the deal, he said.

Be careful, he was told."
https://apnews.com/article/business-middle-east-elections-iraq-baghdad-177d3284c87d892ac4f9f56140f13331#:~:text=Officials%20who%20question,he%20was%20told.

#middleEast #energyEconomy #kickbacks #shadyDeals #iraqWar #saddamHussein #fertileCrescent #stability #prosperity #corruption #extortion #embezzlement #offTheBooks #accountability

Shadow contracts, corruption keep the lights out in Iraq

BAGHDAD (AP) — In the Baghdad suburb of Sadr City, glossy election campaign posters are plastered alongside jungles of sagging electrical wires lining the alleyway to Abu Ammar’s home. But his mind is far from Iraq’s Oct.

Associated Press

"The future is bleak.

Demand is set to double by 2030, with Iraq’s population growing by 1 million per year. The International Energy Agency estimates that by not developing its electricity sector, Iraq has lost $120 billion between 2014-2020 in jobs and industrial growth due to unmet demand."