Cabinet budget zeros out KRG revenue
Kurds would have to export regularly at 400,000 bpd – via SOMO – before 17 percent of budget redistribution is released.
Iraqi Prime Minister Nouri al-Maliki at a press conference in Baghdad on Jan. 13, 2014. (AHMED SAAD/AFP/Getty Images)
ERBIL - The Iraqi Cabinet passed a 2014 budget on Wednesday that threatens the Kurdistan Regional Government's (KRG) entire cut of federal revenue sharing if it doesn't export crude through Baghdad's sales network, sparking a boycott from Kurdish ministers.
Prime Minister Nouri al-Maliki threatened such a move in talks over the past few days with Kurdish officials and Iraqi Parliament leadership, escalating the dispute between Baghdad and the autonomous KRG – and, by default, with Turkey, which is supporting the Kurds' energy prerogatives – over the rights to control oil policy.
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