Iraq close to a deal?
The outlook for the energy sector is bright, but the post-elections political prospects remain cloudy
Two narratives dominate speculation in the aftermath of the parliamentary elections in May, and one should be cautious in giving them credibility, because there'll be much political 'horse trading' in the coming months. The first narrative claims that the Sadrist populist movement, with strong support among Iraq's poorest Shia communities, won the election. This is misleading. The Sadrists, led by the unpredictable cleric, Moqtada al-Sadr, performed better than expected. His Sairoon bloc won 54 out of 329 seats, but its political clout is limited. For example, despite boycotting a parliamentary vote on an election recount, deputies voted it through. How much influence the Sadrists will have

Also in this section
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill
10 February 2025
The February 2025 issue of Petroleum Economist is out now!
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention