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(Washington Post) - Iraq's crucial oil and electricity sectors still need roughly $50 billion to meet demand, analysts and officials say, even after the United States has poured more than $6 billion into them over more than four years. Since the U.S. invasion of Iraq in 2003, the Bush administration has focused much of its $44.5 billion reconstruction plan on oil and electricity. Now, with the U.S.-led reconstruction phase nearing its close, Iraq will need to spend $27 billion more for its electrical system and $20 billion to $30 billion for oil infrastructure, according to estimates the Government Accountability Office collected from Iraqi and U.S. officials. Link |
