Iraq’s Council of Ministers followed through on IMF recommendations to decrease spending and lean more on oil sector revenue.
A long-serving lynchpin in Iraq’s government was ousted over corruption allegations, leaving up to $18 billion in loans and Iraq’s draft 2017 federal budget hanging in the balance.
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
The International Monetary Fund is broadly happy with Iraq's efforts at meeting requirements of a $5.3 billion loan, including its improved performance on IOC payments, but has asked for a revised 2017 budget and insists on an independent auditor to verify Iraq's fiscal data.
As Iraq’s oil ministry considers supplying crude to a Kurdistan refinery and an Iranian route for trucked exports, a gulf opens up between the KRG’s political parties over the fate of newly-released Kirkuk oil.
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
New MNR report confirms slump after attack, taking exports and revenue down with it, but a rebound is expected as the KRG starts implementing a new Erbil-Baghdad deal for Kirkuk crude.
The KRG has begun an oil transfer to the federal government's storage tanks in Turkey after political leaders finalized details for temporary export cooperation.
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
One week into his tenure, Jabbar Allibi has scrapped an austerity policy and notified oil companies they should draw up plans for increased crude production and gas capture.
