After failing to jump-start their stalled oil deal, Iraqi leaders are trading recriminations over unfulfilled export and revenue-sharing expectations.

Baghdad is set to make a partial budget transfer to Erbil within days, although the fate of a cooperative oil export and revenue deal remains uncertain.

Exports through the KRG's politically troubled pipeline have not yielded regular payments, so producers are pinning revenue hopes on the crowded local market.

Years of unrestrained spending and economic mismanagement have come to a head as oil prices drop and security costs soar, triggering risky fiscal maneuvers and IOC worries.

Parliament passes budget with toned-down revenue expectations and rules for Baghdad-KRG oil cooperation.

Export and revenue flows have fallen short of expectations, threatening to undermine a tenuous oil accord, even with the budget approved.

The Finance Committee has cut Iraq's overall budget to $95 billion and shifted money from the Ministry of Defense to Shia militias and refugees.