The agreement will now expire in July 2026, raising new questions about the future of oil exports from northern Iraq and the Kurdistan region.
New hope for Baghdad-KRG oil and budget deal
Federal financial transfer signals political will to implement an agreement that could result in re-starting northern oil exports, though further hurdles remain.
Iraqi Prime Minister Mohammed Shia al-Sudani (right) hosts Massoud Barzani, the president of the Kurdistan Democratic Party, in Baghdad on July 3, 2024. (Photo credit: Prime Minister's Office)