Speaking to MEED on 27 June, Daoud said the board will have powers to review all strategic civil reconstruction projects including those that fall under the US' programme management office and the $18,600 million supplemental budget for the Iraq Relief & Reconstruction Fund. The government is also expected to announce the formation of another supreme board, to govern the development of the oil sector, which will comprise members of the executive and senior directors from the Oil Ministry.

The Coalition Provisional Authority (CPA) has pushed hard for the reorganisation of Iraq's 13 state-owned oil companies into one unified corporate entity. Following his appointment in late May as oil minister, Thamer Ghadban said he intended to restore the national oil company within weeks of the handover of sovereignty, which went ahead on 28 June (MEED 25:6:04, Iraq Reconstruction).