Top 10 Dinar Articles from July
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Iraq Business
13 hours ago
- Iraq Business
Chevron, SLB Deals Signal US Return to Iraqi Oilfields
By Simon Watkins for Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chevron, SLB Deals Signal US Return to Iraqi Oilfields There are two distinct superpower strategies at play to capture the very heartland of the Middle East - Iraq. On the one hand, China and Russia want to end the semi-independent status of Kurdistan in the north, have it rolled into the rest of Iraq as a regular province, and then expel all Western firms from the then-unified country. On the other hand, the US and its allies want to bolster the independence of the Kurdistan region to act as leverage to extend their influence in the rest of Iraq to the south. Click here to read the full report.
Iraqi News
19 hours ago
- Iraqi News
Iraq, Iran advance toward resolving disputes over gas export levels
Baghdad ( – The Iranian Minister of Oil, Mohsen Paknejad, stated on Saturday Iran and Iraq are working to address conflicts over gas export levels and outstanding charges. Following a meeting with Iraqi Electricity Minister Ziyad Ali Fadel in Tehran, Paknejad stated that the two sides struck an agreement on the volume of gas shipments to Iraq. Paknejad explained that he discussed with Fadel the volumes of Iranian gas exports to Iraq and that an agreement has been reached, according to a statement released by the Iranian Oil Ministry and cited by local media. The discussions yielded constructive results both in terms of the volumes of Iran's gas exports to Iraq and the outstanding payments, according to Paknejad. Under an agreement signed between the two countries, Iran supplies Iraq with 55 million cubic meters of gas to operate power plants. Iranian gas supplies to Iraq have fallen since May, forcing several power plants in Iraq to shut down or lower operational hours, according to the Iraqi Ministry of Electricity. Since June 2013, Iran has supplied natural gas to Iraq through contracts, notably to power plants in Baghdad and Basra.
Shafaq News
21 hours ago
- Shafaq News
Iraqi PM, Finance Minister sued over 2025 budget delay
Shafaq News – Baghdad A legal complaint has been filed with the Supreme Judicial Council against Prime Minister Mohammed Shia al-Sudani and Finance Minister Taif Sami, Iraqi lawmaker Ahmed Majid confirmed on Sunday. Speaking to Shafaq News, Majid—who represents the Ishraqat Kanoon bloc, a six-member independent group formed after the 2019 protest movement—accused the government of breaching constitutional deadlines by 'failing' to submit the 2025 federal budget tables. He argued that the six-month postponement has weakened parliamentary oversight and disrupted core state operations, while urging the cabinet to immediately submit the full financial documents to restore legislative authority. Separately, MP Haider Muhammad al-Mutairi submitted a formal request to the Presidency of Parliament to summon Finance Minister Sami for public questioning. The request, obtained by Shafaq News, demands clarity on the postponement and its implications for national planning and spending. Sami met with the parliamentary Finance Committee on July 20 to discuss the government's financial program and the 2023–2025 budget law, attributing the holdup to oil market volatility and unresolved budget disputes with the Kurdistan Region, without providing a clear timeline. The 2025 budget forms part of Iraq's first multi-year fiscal plan, passed in June 2023, which requires annual submission of detailed revenue and expenditure breakdowns. On Friday, the Finance Committee reiterated that the government's failure to submit the 2025 figures constitutes a legal breach, pressing the cabinet to begin work on the 2026 budget.
