Parliament goes into recess without passing KRG oil amendment
Budget legislation that could have helped restart Iraq’s northern crude exports is delayed until at least January.
Iraqi Prime Minister Mohammed Shia al-Sudani (center left) meets with Massoud Barzani (center right), the head of the Kurdistan Democratic Party (KDP), as well as KRG President Nechirvan Barzani (fourth from right) and KRG Prime Minister Masrour Barzani (third from right), in Erbil on Nov. 9, 2023. (Photo credit: Iraqi Prime Minister's Office)
Iraq's Parliament went into recess Dec. 9 without holding a second reading or vote on a Cabinet proposal to amend the budget law to pay Kurdistan's oil-producing companies, postponing further consideration of the bill until January at the earliest.
The delay represents a setback for high-level political efforts to restart Iraq’s northern exports, which averaged over 450,000 barrels per day (bpd) before they went offline in March 2023.
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