Analysis: Oil industry awaits election aftermath
Following Iraq's elections, leaders are gearing up for the process of coalition-building that will reshape the political landscape, including key energy posts and oil policy.
Iraqis stand outside a polling station in Basra after voting in Iraq's national elections on April 30, 2014. (ALI ABU IRAQ/Iraq Oil Report/Metrography)
Iraqis braved sectarian polarization and insurgent violence to vote on Wednesday, and as the counting of ballots begins, much is at stake for both average citizens and the oil sector.
The vote itself will not decide the next leader of the country, because nobody is likely to win an absolute majority. But the results of the election will help determine the relative strength of various political blocs and set the stage for a complicated process of backroom negotiating and political horse-trading to form a new governing coalition.
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