Budget bill anticipates reduced revenue and big deficits, and incorporates an oil and revenue-sharing deal with Kurdistan.
A collection of Iraqi oil experts outside of government have sent an open letter to the Iraqi Parliament, just as it takes up a draft budget that incorporates the Dec. 2 deal between Baghdad and Erbil.
Rising oil output give KRG a strong negotiating position, but demands over independent export rights and control of disputed fields could put pressure on fragile Baghdad rapprochement.
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 recent Baghdad-Erbil oil deal has inspired optimism, but it avoids key details at the heart of big issues – control of territory and oil rights – on which neither side wants to compromise.
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 man holding Iraq's purse strings discusses the need to look forward despite years of acrimony over oil, land and revenues.
Export and revenue swaps and Peshmerga funding set the stage for budget talks.
Whenever the media office of the Council of Ministers publishes decisions of the Cabinet, Beyond the Headlines features a translation from the original Arabic.
Whenever the media office of the Council of Ministers publishes decisions of the Cabinet, Beyond the Headlines features a translation from the original Arabic.
