Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure and streamline the country’s oil sector.
In a 16-page ruling dated Sept. 21, a panel of Federal Supreme Court (FSC) judges headed by Jassim Mohammed Aboud said that Cabinet decisions relating to INOC’s establishment and leadership were “invalid” and ordered them to be annulled.