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UPDATE: Oil minister steps down ahead of Cabinet shake-up

Adil Abd al-Mahdi has left the Oil Ministry and ceded authority to his deputy, as Baghdad braces for PM Abadi's Cabinet overhaul.
Iraqi Minister of Oil Adil Abd al-Mahdi (R) takes a tour of Basra Gulf export platforms on Sept. 21, 2014, (HAIDAR MOHAMMED ALI/AFP/Getty Images)

Updates include:

  • Abd al-Mahdi’s internal memo names interim replacement
  • Analysis of resignation, political landscape, and pending Cabinet reshuffle
  • IOC contracts and NOC exports remain in state of uncertainty

Iraqi Oil Minister Adil Abd al-Mahdi has submitted his resignation and named one of his deputies, Fayadh Nema, to essentially function as an interim minister.

"I have granted you all powers, except those exclusively given [to the minister]," Abd al-Mahdi wrote in a public letter addressed to Nema, dated March 24. "I have decided to stop coming to the ministry, and to cancel all appointments and official activities."

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