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
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
