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What is the major industry in Iraq?

 
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The oil industry dominates Iraq's economy, traditionally accounting for nearly 95% of the country's revenues. Oil is produced mainly by the Iraq Petroleum Company, which was owned by an international group of investors until it was nationalized in 1972.

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Get more facts and information about Iraq from The Columbia Encyclopedia, 6th ed. at Encyclopedia.com.

Similar questions: What company produces most of the oil in Iraq? When was the Iraq Petroleum Company nationalized? Who owned the Iraq Petroleum Company before it belonged to the Iraqi government? How much revenue does oil produce in Iraq? [ Hide these questions ]

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