Q&A: U.S. International Energy Envoy Carlos Pascual
The U.S. government’s top energy diplomat discusses American efforts to help Iraq rise to the top of the global oil industry.
Ambassador Carlos Pascual, Special Envoy and Coordinator for International Energy Affairs for the U.S. Department of State, speaks during the CERAWEEK conference in Houston March 7, 2012. REUTERS/Donna W. Carson (DONNA W. CARSON/Reuters)
WASHINGTON, DC - As Iraq struggles to rebuild from decades of war, in an atmosphere of perpetual crisis, one of the country’s chronic problems is a lack of institutional capacity to make plans and implement them systematically.
In the energy sector, this lack of coordination — between power generation and fuel supply; between oil production and export capacity — has cost the Iraqi government billions. The uncertainty has also taken a toll on international energy companies, which need to plan projects that will span decades.
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