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Politics

New hope for Baghdad-KRG oil and budget deal

Federal financial transfer signals political will to implement an agreement that could result in re-starting northern oil exports, though further hurdles remain.
Iraqi Prime Minister Mohammed Shia al-Sudani (right) hosts Massoud Barzani, the president of the Kurdistan Democratic Party, in Baghdad on July 3, 2024. (Photo credit: Prime Minister's Office)

Iraq’s highest court strikes down INOC

The Federal Supreme Court appeared to end Oil Minister Ihsan Ismaael's fledgling efforts to create an Iraqi National Oil Company, ruling its legal foundations "invalid."