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Militants who have slept through the north are now getting close to the capital of baghdad. Iraq is getting closer to civil war. What does this mean for companies that operate their . There are companies that do business in iraq. Overwhelmingly it is in oil sector. Reserves ofven oil 100 50 billion barrels, almost as much as 100 27 cubic feet of natural gas and has quadrupled production by 2017. The that has attracted the big oil companies. They have been operating in the country since 2011 in northern iraq, which is basically self ruled. Of it is considered an easier place to do business because a corporation can own the entire project and projects are actually transferable. Three quarters of the oil is actually in the south. It is about 90 of exports. Iraqtinued contributed profitable production. What has happened to their business since the outbreak of the violence . Short term, not a lot but longer term there is ramifications. There are reports that a pipeline exports are under mil

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