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This is the first major study of the alternatives confronting Iraq as it seeks to rebuild its vital oil industry while simultaneously constructing a new political system. A key challenge facing the country is to allocate the revenues oil generates in a way that avoids economic and social instability. Reviewing the present status of the industry, the authors – including Clement Henry, Massoud Karshenas, Roger Owen, Mona Said and John Sfakianakis – use comparative analysis to suggest how it might best be rebuilt. Oil and Democracy in Iraq is an important and timely assessment of Iraq's oil industry.