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AKE Publishes Latest Iraq Security Report

ABERDEEN – International security and risk mitigation company AKE has published its latest security report on Iraq. The findings shows that levels of violence fell considerably in the country last week, which is good news for potential investors.

Nonetheless, at least 30 people were killed and 83 injured in attacks, which indicates that security is still a notable consideration for companies seeking to do business in the oil-rich country.

Speaking at the high profile Offshore Europe oil and gas conference in Aberdeen, AKE Iraq specialist John Drake believes there are significant opportunities in the country.

"Iraq is practically an untapped market, with huge oil and gas reserves. While many companies are put off by security concerns, such obstacles can be overcome with the use of proper risk mitigation techniques."

Drake believes that companies willing to make the plunge into the country will find a market that is far from saturated.

"The opportunities far outweigh the risks, and those risks can be managed and minimised if you follow the correct HSEQ procedures."

AKE maintains that establishing relations with local communities will be key to securing business interests, while training, intelligence and crisis management preparation will also help protect company property, operations and the most important asset of all - personnel.

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