Then-Foreign Minister Hoshyar Zebari, now Finance Minister, meets with U.S. Secretary of State John Kerry in Baghdad on June 23, 2014. (THAIER AL-SUDANI/Reuters)

Uncertainty after Parliament ousts Iraq’s finance minister

A long-serving lynchpin in Iraq’s government was ousted over corruption allegations, leaving up to $18 billion in loans and Iraq’s draft 2017 federal budget hanging in the balance.

  • Iraqi Prime Minister Haider al-Abadi at the Council of Ministers meeting on Sept. 18, 2016, in Baghdad. (Source: Iraqi Cabinet Media Office)

    Iraqi Cabinet decisions: Sept. 18, 2016

    Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.

  • An Iraqi worker adjusts a control valve at the Daura oil refinery on November 5, 2009 in Baghdad, Iraq. (MUHANNAD FALA'AH/Getty Images)

    Billions in IMF loans hinge on better 2017 budget, auditors

    The International Monetary Fund is broadly happy with Iraq's efforts at meeting requirements of a $5.3 billion loan, including its improved performance on IOC payments, but has asked for a revised 2017 budget and insists on an independent auditor to verify Iraq's fiscal data.

  • The Dukan refinery in Sulaimaniya province on Sept. 9, 2016. (RAWAZ TAHIR/Iraq Oil Report)

    NOC oil may feed new Kurdistan refinery

    As Iraq’s oil ministry considers supplying crude to a Kurdistan refinery and an Iranian route for trucked exports, a gulf opens up between the KRG’s political parties over the fate of newly-released Kirkuk oil.

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