Politics

Iraq sets out blueprint for sovereign wealth fund for clean energy

Now that Iraq has finished decades' worth of reparations payments to Kuwait, the Cabinet is proposing to continue diverting a portion of oil sales for a new purpose — domestic clean energy investments.

Iraqi Oil Minister Ihsan Ismaael speaks alongside senior ministry contracting officials during the bidding for the Mansuriya gas field on April 20, 2021. Sinopec won the bidding round. (Source: Oil Ministry media office)

Jan 11, 2022

KRG shuts border with Syrian Kurds, cutting oil artery

The closure blocks a major source of funding for the Rojava administration, a U.S. ally in the fight against IS.

Dec 15, 2021

Water shortages prompt RPG fire near Gharraf oil field

As Iraq begins to suffer the intensifying effects of climate change, competition for water threatens to spark conflict.

Dec 15, 2021

Looming arbitration highlights Kurdistan’s gas strategy woes

Genel Energy is taking the KRG to arbitration after years of failure to agree on a plan for developing the Miran and Bina Bawi gas fields.

Dec 8, 2021

Iraq seeks to diversify power imports as Iran tightens supply

Iraq's electricity service has suffered amidst unreliable gas and power imports from Iran, but efforts are moving slowly to diversify supply via four other neighboring countries due to unresolved pricing negotiations.

Dec 1, 2021

Q&A: Jassim Abdul Aziz al-Falahi, Minister of Environment

Iraq's envoy to the COP26 climate summit discusses the effects of global warming and the country's position on international action.

Nov 23, 2021

Student protests highlight ongoing KRG budget pressures

Demonstrators have blocked highways and picketed government buildings in Sulaimaniya and Erbil, demanding a further unwinding of government austerity measures.

Nov 17, 2021

Climate change comes to Iraq

Unprecedented droughts are drying up farm land, driving migration to cities, and compounding economic hardships and instability.

Oct 26, 2021

Q&A: Begard Talabani, KRG Minister of Agriculture and Water Resources

Climate change, drought, and strained water relations with Iran and Turkey are creating major challenges for Kurdistan and its farmers.

Oct 15, 2021

Analysis: Iraq’s 2021 election results

Five big takeaways from the provisional results of Iraq's Oct. 10 national elections.

Oct 9, 2021

New PKK election strategy highlights intra-Kurdish tensions

The Kurdish separatist group is making an unprecedented foray into Iraqi politics, using upcoming national elections to challenge Iraqi Kurdistan's ruling party.

Sep 17, 2021

Foreign investors recoil as Iraq restricts company ownership

Iraq has begun enforcing legislation that prevents foreigners from owning a majority stake in any Iraqi company, casting new uncertainty on an already difficult investment climate.

Sep 4, 2021

INOC launches, aiming to restructure Iraq’s oil sector

In his dual capacity as oil minister and INOC president, Ihsan Ismaael is moving key management authorities and oversight of state oil companies to the newly formed company.

Aug 30, 2021

Baghdad makes second KRG budget transfer

Erbil has now received $138 million payments in both July and August, as a fragile political deal revives financial flows that had been stalled since October 2020.

Aug 27, 2021

Macron visit feeds hopes of breakthrough for Total deal

The French president's second trip to Iraq in less than a year could potentially help push a massive energy deal across the finish line for TotalEnergies.

Aug 11, 2021

Q&A: Kurdistan Region VP Sheikh Jaafar Sheikh Mustafa

The former Peshmerga leader and PUK politburo member reflects on the priorities and crises facing the Kurdistan Region of Iraq.

Jul 30, 2021

Despite one payment, Baghdad-Erbil budget stalemate continues

Officials on both sides say a July financial transfer was a one-off deal, as political and technical disputes hold up further federal budget payments for Kurdistan.

Jul 30, 2021

Q&A: Oil Minister Ihsan Ismaael

Iraq’s oil chief discusses negotiations with Total and Chevron, arbitration with Exxon, the future of INOC, several gas project updates, and budget talks with the Kurdistan region.

Jul 14, 2021

PUK leadership rift threatens stability in gas rich Sulaimaniya

Security forces in Sulaimaniya were mustered on behalf of respective party leaders as negotiations continue.

Jul 12, 2021

Baghdad releases $138 million to KRG days before Kadhimi’s Washington visit

The budget transfer relieves some financial pressure on Erbil, though regular payments going forward are hardly assured.

Jul 9, 2021

Pandemic worsens for Iraq as Delta variant and vaccine hesitancy take root

Iraq's covid-19 infection rate has peaked for a third time, to a record high, putting dire pressure on an overloaded health care system.

Jun 29, 2021

Electricity crisis worsens as Iran cuts supply and minister resigns

Power blackouts throughout Iraq threaten to cause new bouts of social unrest over chronic failures to build adequate domestic gas and electricity supply.

Jun 18, 2021

Hope rises for Baghdad-Erbil budget deal, but hurdles remain

Under a new agreement, Kurdistan could start receiving 200 billion Iraqi dinars per month.

Jun 15, 2021

Q&A: Habat al-Halbusi, chair of the Parliament Oil and Energy Committee

The MP leading Parliament's oversight of Iraq's oil and electricity sectors discusses the importance of gas development and the status of INOC legislation.

Jun 4, 2021

Cabinet files legal challenge to 2021 budget

Kadhimi's government is seeking to strike down budget provisions added by Parliament, including new financial rules for state-owned oil companies and fuel import taxes.

Jun 3, 2021

Syria oil deal hangs in the balance as U.S. license lapses

Delta Crescent Energy's oil deal with the Kurdish-led opposition in northeast Syria is in jeopardy as the Biden administration reconsiders a Trump-era sanctions waiver.

May 11, 2021

Q&A: Dhi Qar Gov. Ahmed al-Khafaji

Weeks after taking office, Dhi Qar's new governor discusses aspirations for quelling oil protests, raising employment, and attracting investment.