Baghdad makes oil deal with the KRG
The agreement reached in early December still faces many obstacles, writes Kirk Sowell
Adel Abd al-Mahdi became Iraq's new oil minister on 8 September when parliament approved prime minister Hayder al-Abadi's government. Abd al-Mahdi, who has been both finance minister (2005-06) and vice-president (2006-10 and 2010-2011), belongs to the Islamic Supreme Council of Iraq (ISCI), a party known for its staunch Shia Islamism. Yet Abd al-Mahdi has a reputation for political pragmatism and personal affability, making him broadly acceptable for sensitive posts. Abd al-Madhi hit the ground running, visiting the besieged oil refinery in Baiji, Salah al-Din his first day on the job. He also visited Basra in an effort to smooth over complaints about neglect. His boldest move, though, came
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy






