Iraqi Prime Minister Haider Al Abadi on Sunday unveiled an ambitious plan to end its dependence on oil through building up its private sector over the course of just five years. The plans are reminiscent of Iraq’s earlier plans to shift away from oil and towards the industrial sector, which were discussed in mid-2013 . At the time, the plan faced many headwinds, including political discord and disruptive sectarian violence. “The government made a decision to focus on other sources in the country instead of oil, so the new plan will basically focus on industry instead of oil,” said Hussain al-Shahristani deputy prime minister for energy affairs, said at the time. Today, 90 percent of Iraq’s total revenue comes from the oil sector. This time around, the plan is to shift away from oil and toward agriculture—a move that if successful, would insulate Iraq from significant swings in oil […]