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.
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.
The second most senior Iraqi oil official talks about plans to keep up production during a financial squeeze, and the terms for delivering crude to a Kurdish refinery, Ceyhan and Iran.
The newly confirmed minister is seeking a "quiet" environment for improving relationships with both international oil companies and the Kurdistan government.
The deputy minister for gas affairs discusses Iraq's rising LPG and condensates exports, as well as the future of major projects currently stalled by security problems.
More in Energy
Production and export growth to continue, but short-term gains still held back by financial crisis and contractor uncertainty.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
After two battles with IS fighters near Chemchemal, security forces are racing to root out militants setting up insurgent cells within KRG-controlled territory.