Ahead of oil talks with Baghdad, KRG proposes new budget framework

As leaders in Erbil and Baghdad prepare for detailed negotiations on long-standing disputes, the KRG is offering to hand over all of its oil exports to the federal government – for a price.
Ahead of oil talks with Baghdad, KRG proposes new budget framework
Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani (center) chairs a meeting of his Cabinet on July 30, 2019. (Photo credit: KRG Council of Ministers)

ERBIL - Leaders in Erbil have floated a proposal that would financially reintegrate the autonomous Kurdistan Regional Government (KRG) with federal Iraq, laying further groundwork for upcoming negotiations over long-standing oil and territorial disputes.

The new offer includes several potential sticking points, and there is little indication that in its current form it will satisfy the concerns of leaders in Baghdad. But the proposal provides insight into the likely contours of talks that are expected to accelerate in the coming weeks.

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