Commodities
Iraqi militias and political parties have received official approvals to establish oil facilities; Iraq has allocated about 1.5mln BPD for domestic consumption, including 300K BPD for the Ministry of Electricity
StockNow breaking-news AI analysis
Official approval for militia-run oil facilities and the diversion of one-third of revenues since 2011 signal severe institutionalized corruption, complicating Iraq's energy independence and domestic allocation efforts.
News detail
The reports note that more than a third of Iraq’s oil production revenues since 2011 have gone to militias and political parties
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