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Politics

Iraq grapples with power shortages and Iran sanctions as summer looms

The expiration of a U.S. sanctions waiver on Iranian electricity imports is complicating Baghdad's balancing act between Tehran and Washington, while the government scrambles for power supply ahead of peak demand season.

Workers from the Southern Projects Commission of Iraq's State Company for Oil Projects assemble a pipeline designed to carry regassified LNG imported via the Khor al-Zubair port in Basra to power stations in February 2025. (ALI AL-AQILY/Iraq Oil Report)

Iraqi federal and KRG oil talks cordial but still at odds

In their first in-person meeting, a political delegation from Erbil talked about terms for resolving the oil dispute with Baghdad while the Oil Ministry remains focused on technical implementation of the Federal Supreme Court ruling against the Kurdistan Region’s oil sector.

Parliament vote signals uphill battle for Ismaael and INOC

A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.

Economic reforms hampered by political divides

Iraq’s “white paper” laid out an internationally acclaimed roadmap for economic reform. But the problems are so pervasive — and political will to tackle them so weak — that progress has been slow.