The Squeeze is marketed as a “groundbreaking new study of the entire industry”; a tall order, given the size of the world’s largest industry. Happily, it is accurate advertising, as Bower introduces us to an astonishing number of different aspects of the industry, and manages somehow to have an insiders’ perspective on each. The style more »
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Iraq issued its first report under the EITI mechanism just before the New Year and it was circulated last week in English, Arabic and Kurdish. It's the first formal deliverable in Iraq's participation in the transparency scheme since it signed up two years ago. Price Waterhouse Cooper reconciled financial reporting from Iraq's monopoly oil marketing organisation SOMO, and the 34 companies that bought its oil in 2009 for sums totalling $41.