Recent allegations of illicit exports to Iran have exposed major flaws in the UN-mandated oversight of Iraq’s oil revenue.
Since 2003, a UN-appointed body called the International Advisory and Monitoring Board (IAMB) has been tasked with overseeing all of Iraq's hydrocarbon export revenue. But the recent fuel-smuggling scandal has highlighted aspects of the oil trade that IAMB has been powerless to track.
Local sales of fuel and oil also bring up unresolved issues between Baghdad and the...
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