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)

Oct 3, 2012

Iraq’s oil rivals building ‘thin confidence’

As Baghdad approves a $541 million payment to Kurdistan, leaders hope their budding good will can lead to a long-term resolution of oil disputes.

Oct 2, 2012

Luaibi, Hawrami to lead oil law negotiations

In its first meeting, a special committee has designated two of its members – the oil ministers from Baghdad and the KRG – to write legislation that could structure Iraq's oil sector.

Sep 26, 2012

Oil law committee members named

A Parliament order has named the five negotiators who will attempt to overcome long-standing differences and synthesize a new draft oil law.

Sep 19, 2012

Iraqi Cabinet approves Kurdish export agreement

Baghdad takes a step toward paying the KRG for rising exports, but technical and political hurdles remain.

Sep 15, 2012

Kurdish exports to hit 250k bpd next year

If the Iraqi Cabinet approves a new KRG-Baghdad oil deal, Kurdistan will agree to export a quarter-million barrels per day in 2013.

Sep 13, 2012

Update: Progress in KRG-Baghdad oil talks

The oil ministers from the central and Kurdish governments agreed that Kurdistan will boost exports and Baghdad will pay contractors.

Sep 13, 2012

New committee for oil law

A special subcommittee will determine which version of the controversial law will be the basis for debate in Parliament.

Sep 12, 2012

Analysis: Baghdad plotting retaliation against Exxon, wayward IOCs

Kurdistan's contractors have escaped serious consequences for defying Baghdad's claims of oil sector supremacy – but central government leaders are preparing to follow through on their threats.

Sep 5, 2012

Baghdad advances threat to Kurdistan budget

The Iraqi Cabinet is targeting more than $3 billion in cuts from the KRG budget, as a bitter dispute over oil exports comes to a head.

Aug 31, 2012

Special committee to jump-start oil law

A new Parliament panel will facilitate long-delayed oil legislation, as leaders struggle to overcome a crippling political crisis.