The Impact of Foreign Ambition on Iraq's Oil Wealth

Section: Research Paper
Published
Jun 1, 2025
Pages
254-270

Abstract

The energy sources of oil and natural gas are of great importance in the competition between countries and its impact on relations between countries. The importance of oil and natural gas in maintaining the states position in hegemony and economy, as well as the level of economic development, which calls on the major economic powers to pay attention to this type of sources. Oil and trying to obtain more oil, whether through agreements through investment, or through wars, as happened in Iraq in the American war in 2003. It indicates the importance of obtaining oil in various ways and pushing international powers to compete for the oil product, especially in light of the shortage. It is significant in oil resources. On the other hand, the high price of oil in global markets has made oil-producing countries of particular importance to industrialized countries and in maintaining secure access to it without obstacles or problems that may hinder its arrival, thus creating another economic crisis in light of the economic and financial crises witnessed by the global economy.

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