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)

Feb 8, 2023

Central bank raises value of Iraqi dinar

The new rate, which takes effect immediately, aims to ease financial strain on Iraqis but could make Iraq more vulnerable to future crises.

Feb 4, 2023

TotalEnergies reverses Iraq exit decision, reviving hope for mega-deal

"Goodwill gesture" keeps the door open to further negotiations ahead of a Feb. 15 deadline, but key points of contention still appear unresolved.

Jan 31, 2023

Iraq-Turkey arbitration moves one step closer to final ruling

A draft ruling is pending approval by the International Court of Arbitration, with Kurdistan's oil independence potentially hanging in the balance.

Jan 29, 2023

Oil minister appoints new deputies and removes several DGs

Hayyan Abdulghani's leadership team is taking shape, with some high-profile promotions and departures.

Jan 26, 2023

Iraqi court strikes down Kurdistan budget transfers

Iraq's highest court ruled against stop-gap financial transfers seen as key confidence-building measures in a sputtering rapprochement between Baghdad and Erbil.

Jan 24, 2023

As Iraq’s currency weakens, Sudani replaces central bank governor

Iraq's prime minister reshuffles the leadership of the Central Bank of Iraq and the Trade Bank of Iraq amidst efforts to stabilize the weakening dinar.

Dec 15, 2022

Turkish strikes threaten Syrian crude exports to Iraqi Kurdistan

Turkey’s latest military campaign is targeting energy infrastructure in northeast Syria, depriving the Kurdish-led autonomous region of fuel and power — and potentially export revenue.

Dec 13, 2022

Sudani seeks warmer ties with KRG, starting with budget talks

The 2023 national budget is the first test of the new Iraqi prime minister's pledge to improve relations between Baghdad and Erbil.

Dec 1, 2022

Q&A: Bafel Talabani, President of the Patriotic Union of Kurdistan

The PUK leader discusses deteriorating political rivalries within Kurdistan and their impact on both gas development and impending negotiations with Baghdad over oil rights.

Nov 18, 2022

Widening divide between Kurdistan’s ruling parties raises new risks

Leaders are openly discussing the dissolution of a strategic agreement for united governance that has underpinned Kurdistan's stability and oil sector independence.