New budget law changes threaten Baghdad-Erbil oil deal

Last-minute additions to the budget bill could undermine a new framework for oil and financial cooperation needed to restart northern exports and support Kurdistan’s oil sector.

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center right) and KRG Prime Minister Masrour Barzani (standing, center left) oversee a ceremony in Baghdad on April 4, 2023, to sign a temporary deal for restarting northern oil exports. (Photo credit: Prime Minister's Office)

Energy

Iraq announces new oil and gas licensing round

Oil Ministry launches new effort to attract investment in 13 oil and gas fields and exploration blocks.

Politics

Budget loans give KRG financial lifeline

Baghdad has sent nearly $1 billion to Kurdistan since March, highlighting political cooperation that could grow into reliable financial flows with the passage of a new budget law.

Security

Iraq increases training of Hashid paramilitary officers

Rising investment of military resources signals enduring power of politically connected armed groups.

Interviews

Q&A: Bassim Abdul Karim, director general of Basra Oil Company

Southern Iraq's top oil leader discusses efforts to activate a deal with TotalEnergies, expand production capacity, and overcome export infrastructure bottlenecks.