| Summary/Abstract |
Iraq is a nation in crisis and burdened with the long history of war, internal power struggles, failed governance, sectarian violence (Shia and Sunni) and ethnic divisions between Arab and Kurds. The ISIL (ISIS) upsurge is the most recent outburst of longstanding issues in the region and has affected socio-economic fabrics, political system and stability of the country. Baghdad’s major source of revenue, petroleum and natural gas, to which the world community looks for, is affected by ISIL aggression today. Hence, a sense of insecurity and uncertainty looms large in the international energy market for the future trade on energy.
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