Subscribe 

2010 budget stuck on KRG oil exports

Section in $71 billion budget legislation threatens Iraqi Kurdistan's share of revenue if oil exports remain shut in.

A section of the draft 2010 budget would cut Iraqi Kurdistan's share if oil exports are shut-in, heightening tension between Iraq's Kurdish and Arab leadership, and adding another complication to a long-delayed budget that remains stuck in Parliament.

Oil sales are 95 percent of state income and brought in more than $41 billion in 2009. The $71 billion budget has been stuck for months but this recent revelation plays at the heart of one of Iraq's longest political feuds.

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.