Unbiased AI-powered news
Iraq is attempting to reassert federal control over its energy sector by centralizing exports, revenues, and infrastructure. Renewed cooperation between Baghdad and the Kurdistan Regional Government has revived exports through the Kirkuk-Ceyhan pipeline. Political obstacles including Iranian influence and militia activity continue to affect investment.
rigzone.comIraq is attempting to reassert federal control over its fragmented energy sector, using the Hormuz crisis as a catalyst to centralize exports, revenues, and infrastructure. Renewed cooperation between Baghdad and the Kurdistan Regional Government has revived exports through the Kirkuk-Ceyhan pipeline.
The biggest obstacle remains politics, not geology. Iranian influence, militia activity, security risks, and unresolved Baghdad-Erbil tensions continue to deter investment despite Iraq's vast potential to boost oil and gas production. Iraq's oil sector has been discussed over the last few years primarily through the lens of production figures, OPEC quotas and reserve estimates.
The current focus should be on a struggle over sovereignty, state authority, regional geopolitics and economic survival. The government in Baghdad is currently attempting to rebuild and centralize an energy industry that has been fragmented for decades by war, corruption, militia influence, regional rivalries and institutional weakness.
ForbesUFC CEO Dana White stated that negotiations for a cage fight between Elon Musk and Mark Zuckerberg were genuine and included discussions about holding the event at Rome's Colosseum. White said the venue requested an estimated $150 million, which would have gone toward restoring o…
en.antaranews.comMSCI will rule June 23 on whether to reclassify Indonesia from emerging to frontier market status. Goldman Sachs estimates up to $13 billion could exit if the downgrade occurs. Foreign investors have already withdrawn $3.4 billion from the Jakarta exchange this year.