One month after Parliament passed legislation designed to help restart the pipeline to Turkey, implementation is mired in old disagreements.
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As Kurdistan receives $541 million from Baghdad – the first payment in a new export deal – a conflict is brewing over a second tranche.
Frustrated companies are threatening to stop production amidst payment holdups, while Baghdad initiates a $514 million transfer for past exports.
As Baghdad approves a $541 million payment to Kurdistan, leaders hope their budding good will can lead to a long-term resolution of oil disputes.
In its first meeting, a special committee has designated two of its members – the oil ministers from Baghdad and the KRG – to write legislation that could structure Iraq's oil sector.
A Parliament order has named the five negotiators who will attempt to overcome long-standing differences and synthesize a new draft oil law.
Baghdad takes a step toward paying the KRG for rising exports, but technical and political hurdles remain.
If the Iraqi Cabinet approves a new KRG-Baghdad oil deal, Kurdistan will agree to export a quarter-million barrels per day in 2013.
