UPDATE: Baghdad-Erbil cooperation fraying
Export and revenue flows have fallen short of expectations, threatening to undermine a tenuous oil accord, even with the budget approved.
Adil Abd al-Mahdi (L) meets with Nechirvan Barzani on Nov. 13, 2014. (STRINGER/Reuters)
ERBIL - A cooperative oil export and revenue sharing agreement reached by Iraq's federal government and Kurdistan region is in danger, with the two sides failing to meet each other's expectations.
The dispute over oil exports nearly derailed the passage of the 2015 budget, which was approved by Parliament on Thursday, as MPs demanded language be amended to explicitly forbid the KRG from exporting oil independently of the federal government.
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