On Tuesday Iraq’s Council of Ministers followed through on IMF recommendations to decrease spending and lean more on oil sector revenue.
The autonomous Kurdistan region is struggling to keep its promises to IOCs, owing two months of payments to most oil producers in the region.
A long-serving lynchpin in Iraq’s government was ousted over corruption allegations, leaving up to $18 billion in loans and Iraq’s draft 2017 federal budget hanging in the balance.
The second most senior Iraqi oil official talks about plans to keep up production during a financial squeeze, and the terms for delivering crude to a Kurdish refinery, Ceyhan and Iran.
The newly confirmed minister is seeking a "quiet" environment for improving relationships with both international oil companies and the Kurdistan government.
More in Energy
Production and export growth to continue, but short-term gains still held back by financial crisis and contractor uncertainty.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
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After two battles with IS fighters near Chemchemal, security forces are racing to root out militants setting up insurgent cells within KRG-controlled territory.