Budget impasse over Kurdistan export money
Iraq's 2013 budget is stuck in a dispute over payments for KRG oil companies.
Workers at the Gulf Keystone Petroleum production facility at the Shaikan block fill trucks in May 2012. (SEBASTIAN MEYER/Metrography/Iraq Oil Report)
BAGHDAD - A long-standing dispute over oil exports from the semi-autonomous Kurdistan region is delaying passage of Iraq's 2013 budget.
Parliamentarians allied to Prime Minister Nouri al-Maliki are refusing to give in to demands that they allocate nearly $4 billion to pay the costs of companies producing oil under contracts with the Kurdistan Regional Government (KRG). Kurdish MPs say that, without such guaranteed payment, the KRG will not be able to send crude through Baghdad-controlled export pipelines.
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