Politics

Baghdad court rejects Oil Ministry effort to invalidate KRG oil contracts

The Karkh Court of Appeals has denied an Oil Ministry appeal and reversed a series of 2022 rulings that declared several KRG oil contracts void.

Workers measure the pressure at the Central Processing Facility at the Tawke oil field in Iraqi Kurdistan in August 2012. (SEBASTIAN MEYER/Metrography/Iraq Oil Report)

Jun 15, 2021

Q&A: Habat al-Halbusi, chair of the Parliament Oil and Energy Committee

The MP leading Parliament's oversight of Iraq's oil and electricity sectors discusses the importance of gas development and the status of INOC legislation.

Jun 4, 2021

Cabinet files legal challenge to 2021 budget

Kadhimi's government is seeking to strike down budget provisions added by Parliament, including new financial rules for state-owned oil companies and fuel import taxes.

Jun 3, 2021

Syria oil deal hangs in the balance as U.S. license lapses

Delta Crescent Energy's oil deal with the Kurdish-led opposition in northeast Syria is in jeopardy as the Biden administration reconsiders a Trump-era sanctions waiver.

May 11, 2021

Q&A: Dhi Qar Gov. Ahmed al-Khafaji

Weeks after taking office, Dhi Qar's new governor discusses aspirations for quelling oil protests, raising employment, and attracting investment.

May 1, 2021

Oil Ministry objects to Iraqi budget law, citing risks to oil sector

Iraq cannot pay oil companies on time under its 2021 budget law, the Oil Ministry said in an official letter seeking a legal intervention.

Apr 5, 2021

Production restarts at Sarqala

Days after the field was shut down because of disputes between politically connected trucking companies, the Kurdistan region has regained 30,000 bpd of production.

Apr 1, 2021

UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG

The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remain high.

Apr 1, 2021

Sarqala field shuts down as political rivalries spill into the open

Kurdistan could be deprived of $1.5 million per day worth of oil production due to a dispute between trucking companies associated with competing factions of the PUK party.

Mar 31, 2021

Iraq revives efforts to revamp oil sector legislation

Hydrocarbons and national oil company laws get renewed push after more than a decade of political deadlock.

Mar 30, 2021

U.S. gives Iraq maximum timeframe in sanctions waiver extension

Biden administration grants Iraq another 120 days to purchase gas and power from Iran as it continues to build out alternative supplies for vital energy needs.