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Alleging that the KRG's oil export cutoff has made an $8.5 billion dent in the Iraqi budget, the Cabinet is calling for penalties.

Cabinet targets Kurdistan budget

Cabinet targets Kurdistan budget
Deputy Prime Minister for Energy Hussain al-Shahristani (L), who leads the Cabinet's energy committee, holds a press conference with Parliament OIl and Energy Committee Chairman Adnan Janabi at Parliament in February 2011. Shahristani and Janabi's committees have each drafted legislation that would structure Iraq's oil sector. (BEN VAN HEUVELEN/Iraq Oil Report)
By Ben Van Heuvelen and Staff of Iraq Oil Report
Published Thursday, July 12th, 2012

Prime Minister Nouri al-Maliki's government may seek to cut billions of dollars from the budget of the semi-autonomous Kurdistan region, in recompense for revenue lost from the shutoff of Kurdish oil exports.At its weekly meeting Tuesday, the Cabinet authorized Oil Minister Abdul Karim Luaibi to lead a committee that will assess how much money the federal government has lost as a result of the Kurdistan Regional Government's (KRG) decision on April 1 to stop selling crude through Baghdad's p...

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