Iraq’s cabinet appoints former oil minister Ghadhban to INOC
Despite legislative delays to full implementation, Iraq's government has approved the next steps to a new national oil company.
Thamir Ghadhban, then-Deputy Prime Minister for Energy Affairs and Oil Minister (center), tours the Karbala refinery that is currently under construction, on May 2, 2019. (Source: Iraqi Oil Ministry media office)
The Iraqi cabinet has moved forward with plans to reestablish the Iraq National Oil Company (INOC), naming former Oil Minister Thamir Ghadhban to serve as expert advisor to the board of directors along with three members. But with parliamentary approval of amendments to the law still not guaranteed, it isn’t clear whether and how INOC can become meaningfully operational.
The move by Prime Minister Mustafa Kadhimi ahead of October elections appears to be the latest in efforts by the Iraqi Ministry of Oil to establish facts on the ground in the face of legal and political delays.
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