Iraq said it was in a unique position as an oil producer in the region with its steadfast commitment to supporting transparency in the industry. Iraqi Oil Ministry officials said Thursday the government was committed to the Extractive Industries Transparency Initiative. Overall, the Iraqi oil minister said its release of information “always” included export data and its contribution to transparency was unparalleled in the region. The EITI said last week that Iraq had made encouraging steps toward transparency in its oil exports, but was short of what’s needed to demonstrate adequate progress. “Iraq will have 18 months to carry out corrective actions and will be temporarily suspended in the meantime,” the EITI board said in a statement . Oil accounts for […]