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Uncertainty for Iraq oil industry as troubles divide country

The Islamist-led Sunni surge leaves Iraq on the brink of collapse. Derek Brower assesses what it means for the country’s oil industry

In the space of a just few weeks, Iraq has gone from a troubled state to one on the verge of failure. Vast swathes of the country’s north are now in control of Sunni Islamists who have declared a caliphate stretching through Syria and Iraq - and wish to conquer Baghdad, too.  A re-ignition of the 2007-08 sectarian war may be unavoidable and Iraq’s partition grows likelier by the day. Even if a break-up of the country along sectarian lines can be avoided, the advance of the Islamic State (IS), the Islamist group formerly known as the Islamic State of Iraq and the Levant (ISIL), has changed the political calculus for the country, whose politicians haven’t yet even formed a government more tha

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