Politics

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)

Nov 8, 2023

With new pipeline work, Baghdad moves toward purchase of Khor Mor gas

The consortium operating Kurdistan's most prolific gas field is negotiating a potentially paradigm-shifting deal to sell directly to Baghdad.

Oct 24, 2023

Deadly firefight highlights unresolved tensions over territorial disputes

Iraqi Army and Peshmerga forces clashed over a strategically important position near key energy assets.

Oct 12, 2023

Turkey gives official notice that pipeline can resume

Political obstacles within Iraq are still preventing crude exports from restarting after a formal letter from BOTAS to SOMO confirmed the pipeline is ready.

Oct 4, 2023

Obstacles remain after Turkey signals pipeline is ready

Northern exports can only come online if Baghdad strikes new political and commercial agreements.

Sep 30, 2023

Iraq presses claim to enforce arbitration award against Turkey

In a U.S. legal filing, Iraq contested Turkey's effort to flip the award in its own favor, as the two sides still appear deadlocked over a restart of Iraq’s northern exports.

Sep 27, 2023

Loans begin to flow, but KRG faces uphill battle for financial security

Baghdad has begun implementing a three-month deal to enable payments for Kurdistan's civil servants, prompting political backlash.

Sep 23, 2023

Technical talks signal potential progress on Iraq-Turkey Pipeline

Recent meetings show renewed efforts to set terms for reopening the export pipeline, but top-level political approval is hardly assured.

Sep 19, 2023

Baghdad approves 3-month stop-gap funding for KRG

Three monthly loans of $538 million promise temporary relief to pay civil servant salaries, but unresolved questions loom for Kurdistan's oil industry.

Sep 15, 2023

Oil veterans bring energy expertise to Prime Minister’s Office

Fayadh Nema and Falah Alamri have deep relationships in the Oil Ministry and decades of experience with hot-button energy issues.

Sep 12, 2023

Budget stalemate threatens Kurdistan’s solvency and stability

Baghdad takes a hard line against budget transfers to KRG as negotiations falter, prompting civil servant strikes and imminent protests.