Politics

Iraq grapples with power shortages and Iran sanctions as summer looms

The expiration of a U.S. sanctions waiver on Iranian electricity imports is complicating Baghdad's balancing act between Tehran and Washington, while the government scrambles for power supply ahead of peak demand season.

Workers from the Southern Projects Commission of Iraq's State Company for Oil Projects assemble a pipeline designed to carry regassified LNG imported via the Khor al-Zubair port in Basra to power stations in February 2025. (ALI AL-AQILY/Iraq Oil Report)

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.