Iraq’s investor outlook worsens
The investment environment in Iraq is being affected by continued turmoil in domestic politics and the country’s battle with Covid-19
The resignation of Iraqi prime minister designate Mohammed Tawfiq Allawi at the start of this month following his failure to form an administration shows the fractured state of politics in Iraq and leaves the country without a complete government. New elections will be needed, and former prime minister Adil Abdul Mahdi has suggested they could be held towards the end of this year. This would entail the current government continuing without a prime minister until then. Investment delay No prime minister also means no permanent oil minister, which could prevent Iraq from passing legislation required for investment decisions on key projects. “Security and coronavirus will continue to be a big
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
