Confronting low oil prices and a pandemic, Iraq will likely be forced to draw heavily from its foreign currency reserves while slashing oil and investment spending.
A newly built cross-border pipeline is expected to begin pumping imminently, allowing Iraqi Kurdistan to continue Iranian fuel imports while reducing truck traffic and coronavirus risks.
Iraq's latest Iran sanctions waiver is the shortest yet – 30 days – reflecting an ongoing strain in relations between Baghdad and Washington.
Regulations for oil and gas companies in Kurdistan reinforce standing WHO recommendations.
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
With Brent nearing $30 per barrel, Iraq faces a budget shortfall that could leave the government unable to pay salaries.
Insurgents and gangs continue to fill a security vacuum in Iraq’s disputed territories, as talks between federal and Kurdish forces have been derailed by the political impacts of the Soleimani assassination.
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
Prime Minister Adil Abd al-Mahdi said his two deputies and his security chief should effectively run the government until a new premier is confirmed or elections take place.
Prime Minister-designate Mohammed Allawi's partial list of proposed Cabinet positions has been made public.
