Iraq’s energy sector ‘hinges on’ general election outcome

Published by
Al-Araby

The future of Iraq’s energy sector “hinges on the outcome” ofSunday’s general election, and could face months of slow and stifled progress, market intelligence group S&P Global has warned. A number of energy deals moving away from crude oil towards gas and renewables were signed during the tenure of Prime Minister Mustafa Al-Kadhimi, who assumed office in May 2020. The finalisation of these agreements now rests in the hands of the government which will be formed after the elections. However, it may take months to agree on a new government and this could obstruct the implementation of an eventu…

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