Oct. 20, 2018 – UPDATE: The nine state oil companies slated to become part of Iraq’s new national oil company have been told to halt actions ordered on Thursday to disassociate from the oil ministry, according to a statement published Saturday on the ministry’s website.
An order by Oil Minister Jabbar al-Luiebi, also dated Oct. 20, said the next government will decide how to handle the formal establishment of the company.
The new order justified the previous one, however. It said that the parliament-approved law set a timeline for beginning the process of establishing the national oil company, which is based primarily on subsuming certain ministry companies.
“The council of ministers has made several steps in that regard to complete the establishment process in addition to other decisions and inquiries came from the general secretariat of the council of ministers, which clearly point out to the necessity to complete the structures of the company and appoint its administrative board,” Luiebi’s Oct. 20 order said. “The recent administrative orders came in accordance of these instructions and the required steps.”
The original article about the Oct. 18 order – and the incoming government’s opposition to it – is below.
BAGHDAD - Iraq’s Oil Minister Jabbar al-Luiebi on Thursday ordered nine state oil companies to cut ties with the ministry, issuing the directive as head of the new Iraqi National Oil Company (INOC), under the presumed authority granted to him last week by the outgoing Cabinet.
The move was met with a swift response by Prime Minister-designate Adil Abd al-Mahdi, warning against overreach by the expiring government days before he's to announce his new Cabinet.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.Iraq Oil Report Commitment to Independence
Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.
We view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.
To fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.