Iraq Approves Plan to Make Ethanol From Rotten Surplus Dates
Posted by Nick Chambers on 15 September, 2009
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You might wonder why Iraq, one of the most oil-rich countries in the world, would want to invest in building up its biofuels sector. At first blush it seems like a stretch of resources for a country trying to recover after years of war.
However, In Iraq the agricultural sector has long been the dominant source of jobs. In fact, much of modern agriculture was developed in the Iraqi area over 7,000 years ago. With the recent devastation caused by the instability of war coupled with an extended drought, those jobs have disappeared. So, although Iraq does have the third largest oil reserves in the world, its agricultural sector is in many ways more important to its economic recovery.