A recent kidnapping of foreign oil company workers was tribal-related rather than the work of the al Qaeda terrorist network, he said.
Iraq's flood of 'cheap oil' could rock world markets →
Iraq has the fourth-largest proven reserves in the world of 143 million barrels of crude, but "the country is only about 30 percent to 40 percent explored," said Mr. Lando. "There's a lot of opportunity to find more oil."
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