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Politics

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Rising budget controversy endangers northern export restart

A compromise measure to pay Kurdistan's oil contractors and unlock Iraq's northern oil export route has met major political opposition.

The Iraqi Parliament Finance Committee meets on Jan. 19, 2025 to discuss budget legislation. (Photo credit: Iraqi Parliament)

Iraq moves to regain stature atop OPEC

Fifty years after the cartel was founded in Baghdad, Iraq is attempting to overcome political and technical obstacles to snatch the oil crown from the Saudis.