Joel Wing's blog

The story of the Iraqi Accountability and Justice and Election Commissions’ banning of 500 candidates from the March 2010 voting for alleged Baathist ties has taken a few new turns. First, Prime Minister Nouri al-Maliki has finally come out in favor of the ban. He said that the decision of the Accountability and Justice Commission should be adhered to.

In mid-December 2009 the Organization of Petroleum Exporting Countries (OPEC) held its annual meeting in Angola. Besides agreeing to keep oil prices at their current level of between $70-$80 a barrel, Iraq was the other hot topic of debate.

In mid-December 2009 the Iraqi Oil Ministry carried out its second round of bidding on oil fields by international companies. Winning offers were made on seven of the ten fields up for auction. Afterward Oil Minister Hussain Shahristani said Iraq could reach eleven million barrels a day in capacity in six years, which could make it one of the largest producers in the world. This may turn out to be a major setback for the Kurdistan Regional Government (KRG), and its own petroleum policy.

Iraq is entering its seventh year since the U.S. invasion. Many things have changed in that time period, from the chaos that followed the collapse of the state after Saddam was overthrown, to the civil war that erupted, to the Surge. At the end of 2009 three Iraq analysts, Sam Parker of the United States Institute for Peace, Michael Hanna of the Century Foundation, and Reidar Visser of the Norwegian Institute of International Relations, wrote pieces speculating on what lay ahead for Iraq.

On December 30, 2009 British computer technician Peter Moore was released from captivity by the Iranian backed League of the Righteous in return for the freeing of their leader, Qais Khazali. Moore and four British bodyguards, Alan McMenemy, Alec MacLachlan, Jason Swindlehurst, and Jason Creswell, were originally kidnapped from the Iraqi Finance Ministry building in downtown Baghdad on May 29, 2007.

Iraq recently completed the second round of bidding on its oil fields, which will hopefully usher in the return of international petroleum companies to Iraq that will bring in much needed investment and know how. This round went much better than the first with deals for seven of the ten fields up for auction.

The United Nations Assistance Mission for Iraq (UNAMI) released its latest human rights report for Iraq covering the first half of 2009. The U.N. noted the decrease in violence in Iraq, but that there were still deaths everyday in the country. More importantly, it recorded continued institutional abuses in the justice system, and reminders of the old regime.

The latest numbers for Iraq’s oil industry are out, and they show that while production declined in November 2009, exports actually increased. Last month, Iraq produced an average of 2.36 million barrels a day of petroleum, while exporting 1.99 million barrels a day. In October Iraq produced an average of 2.50 million barrels, and exported 1.89 million barrels.

The new Special Inspector General for Iraq Reconstruction report to Congress was released at the end of October 2009. It notes that Iraq is still having problems spending its budget. By June 2009 50% of Iraq’s $58.6 billion budget had been released, but only $16.4 billion, 27.9%, had been spent as of that month. $1.6 billion of that was for capital projects that are investments in infrastructure and services.

Since the invasion of Iraq in 2003 the United States has promised the country $52.8 billion in reconstruction funds. That was the largest rebuilding effort in American history. Now this program is expected to end by 2014.