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)

Mar 22, 2022

Q&A: Judge Jasem Mohammad Abbood, head of the Federal Supreme Court

Judge Abbood discusses the legal reach of the court following the ruling invalidating the KRG’s oil deals, the disputed legal status of the Iraqi National Oil Company, and legal challenges to changing the dinar exchange rate.

Mar 18, 2022

Parliament vote signals uphill battle for Ismaael and INOC

A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.

Mar 14, 2022

Economic reforms hampered by political divides

Iraq’s “white paper” laid out an internationally acclaimed roadmap for economic reform. But the problems are so pervasive — and political will to tackle them so weak — that progress has been slow.

Mar 8, 2022

Uncertainty deepens after landmark ruling against Kurdistan’s oil sector

Baghdad and Erbil have vastly different strategies for responding to a ruling from Iraq's highest court that invalidated the legal foundations of Kurdistan's oil sector.

Mar 1, 2022

Q&A: Ali Shaddad al-Faris, MP from Basra

One of the plaintiffs in the landmark Federal Supreme Court case against Kurdistan's independent oil sector discusses fallout from the ruling as well as Parliament's role in energy sector oversight.

Feb 15, 2022

UPDATE: Iraqi Supreme Court strikes down KRG oil sector independence

Landmark ruling rejects the legal pillars of Kurdistan's oil sector, opening a volatile new chapter in Iraq's long-standing disputes over oil powers.

Feb 3, 2022

KRG extends gas pipeline network, raising potential for exports

A new 52-inch pipeline to Dohuk, near the Turkish border, will bring feedstock to a dormant power plant — with extra capacity for more destinations in the future, including potential exports.

Jan 27, 2022

Omicron arrives in Iraq

The country's healthcare system is ill prepared for another surge, but government, health, and oil sector officials are hoping new variant's milder symptoms will soften the impact.

Jan 25, 2022

KRG resumes Syria crude trade

After more than a month, the border has reopened for both trade and humanitarian traffic, alleviating economic pressure on a U.S. ally in the counter-IS fight.

Jan 13, 2022

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.