UAE. With proven oil reserves of approximately 115 billion barrels, Iraq's oil industry has seen considerable growth. The opportunities, however, are not without their challenges. The existing legal framework within which the IFG and the KRG operate is based on constitutional provisions.
INTERNATIONAL. In a presidential statement, the 15-member body expressed strong support for a ceasefire, and urged all parties to accept and fully implement it into the Eid period marking the end of the Muslim fasting month of Ramadan and beyond.