Federal Iraqi crude exports increased 60,000 b/d to 3.29mn b/d in March, with the oil price increase meaning that revenues also rose, to $2.89bn, the first monthly rise since November 2015.
But elsewhere in Iraq all is not well. Prime Minister Haidar al-‘Abadi’s attempted cabinet reshuffle attracted an air of chaos when his unexpected nominee for oil minister withdrew within 24 hours. Kurdish academic Nazar Salim Doski Numan cited the lack of “political agreement over the form of the future government,” hinting that it was influenced by Mr Abadi’s failure to gain approval from the KRG. (CONTINUED - 189 WORDS)