UN oversight of Iraqi oil money struggling to adapt
Alleged fuel smuggling from Kurdish region to Iran highlights gaps in UN-mandated monitoring of Iraqi oil money.
Oil tankers heading to fill up at the Tawke oil field in June 2008. (BEN LANDO/Iraq Oil Report)
BAGHDAD - Recent allegations of illicit exports to Iran have exposed major flaws in the UN-mandated oversight of Iraq’s oil revenue.
Since 2003, a UN-appointed body called the International Advisory and Monitoring Board (IAMB) has been tasked with overseeing all of Iraq's hydrocarbon export revenue. But the recent fuel-smuggling scandal has highlighted aspects of the oil trade that IAMB has been powerless to track.
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