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. 'Springborg's observations help understand the current stalemate in (or failure) to define the legal and administrative setting needed to undertake a real reconstruction of the national oil industry.' — Maritza Cricorian, Istituto Affari Internazionali 'This book is exemplary, setting forth clear alternatives, as well as cautionary tales from the experiences of other states, and indeed of Iraq itself in an earlier incarnation.' — Charles Tripp, School of Oriental and African Studies