One month after Parliament passed legislation designed to help restart the pipeline to Turkey, implementation is mired in old disagreements.
After failing to jump-start their stalled oil deal, Iraqi leaders are trading recriminations over unfulfilled export and revenue-sharing expectations.
Baghdad is set to make a partial budget transfer to Erbil within days, although the fate of a cooperative oil export and revenue deal remains uncertain.
Whenever the media office of the Council of Ministers publishes decisions of the Cabinet, Beyond the Headlines features a translation from the original Arabic.
Exports through the KRG's politically troubled pipeline have not yielded regular payments, so producers are pinning revenue hopes on the crowded local market.
Years of unrestrained spending and economic mismanagement have come to a head as oil prices drop and security costs soar, triggering risky fiscal maneuvers and IOC worries.
Whenever the media office of the Council of Ministers publishes decisions of the Cabinet, Beyond the Headlines features a translation from the original Arabic.
Parliament passes budget with toned-down revenue expectations and rules for Baghdad-KRG oil cooperation.
Export and revenue flows have fallen short of expectations, threatening to undermine a tenuous oil accord, even with the budget approved.
Whenever the media office of the Council of Ministers publishes decisions of the Cabinet, Beyond the Headlines features a translation from the original Arabic.
The Finance Committee has cut Iraq's overall budget to $95 billion and shifted money from the Ministry of Defense to Shia militias and refugees.
