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Uncertainty deepens after landmark ruling against Kurdistan’s oil sector

Uncertainty deepens after landmark ruling against Kurdistan’s oil sector
Uncertainty deepens after landmark ruling against Kurdistan’s oil sector

2022-03-09 00:00:00 - From: Iraq Oil Report


KRG Prime Minister Masrur Barzani (center) meets with members of the U.S.-Kurdistan Business Council, including several representatives of international oil companies, in Erbil in March 2022. (Photo credit: KRG Prime Minister's Office)

BAGHDAD/ERBIL - Both sides have acknowledged a need for renewed dialogue, but they appear to be envisioning vastly different negotiations. Baghdad is seeking Erbil's cooperation in implementing the Federal Supreme Court's decision, while Kurdish leaders are preparing for political negotiations aiming to work around the court ruling to preserve Kurdistan's oil sector independence.

Ihsan Ismaael, federal Oil Minister and president of the newly-reconstituted Iraqi National Oil Company (INOC), has created a committee of senior industry officials, headed by Deputy Oil Minister Hamid Younis Salih “to execute the [FSC] ruling,” according to a Feb. 26 order seen by Iraq Oil Report, which was confirmed as authentic by an Oil Ministry official.

Iraq Oil Report Attribution Policy

All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.

Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.

view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.

fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.

Iraq Oil Report Attribution Policy

All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.

Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.

view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.

fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.

Uncertainty deepens after landmark ruling against Kurdistan’s oil sector
Uncertainty deepens after landmark ruling against Kurdistan’s oil sector