While American troops plan to draw down from Iraqi cities, U.S. branded multinational companies are moving in. Iraqi oil fields deals are expected next week. Exxon/Mobil may finally get a chunk of the world's third largest oil reserves.
Private equity underwriters (PEU's) have their eye on Iraqi power, telecommunications, banks, infrastructure and cement companies. The Carlyle Group has a new $500 million Middle East/North Africa fund. Soldiers leave, while financial barbarians stand at the gate.
PEU Report/State of the Division