Iraq’s highest court strikes down INOC
The Federal Supreme Court appeared to end Oil Minister Ihsan Ismaael's fledgling efforts to create an Iraqi National Oil Company, ruling its legal foundations "invalid."
Iraq's Federal Supreme Court in a Nov. 13, 2018, hearing postponing a hearing on a lawsuit challenging a law reconstituting the national oil company. (Source: Federal Supreme Court)
BAGHDAD - Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure and streamline the country's oil sector.
In a 16-page ruling dated Sept. 21, a panel of Federal Supreme Court (FSC) judges headed by Jassim Mohammed Aboud said that Cabinet decisions relating to INOC’s establishment and leadership were “invalid” and ordered them to be annulled.
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