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Negotiations between Iraq's federal government and the Kurdistan Regional Government (KRG) over resuming Kurdish oil exports to Turkey and addressing unpaid public salaries have stalled. Despite talks reaching what were described as the "final stages," Iraq's Cabinet failed to make decisions on these issues during its session on July 8. The ongoing deadlock extends a months-long political and budgetary crisis that has strained relations between Baghdad and Erbil. The impasse has resulted in an estimated $8 to $9 billion in lost income and about 400,000 barrels per day of Kurdish oil remaining offline. These talks are considered crucial for resolving the longstanding dispute between the two parties amid broader political and economic challenges in Iraq.
According to information obtained by The New Arab, the Iraqi Council of Ministers did not make any decisions during its recent session on Tuesday regarding oil and KRG salaries https://t.co/L4EreDNNDU
🇮🇶 IRAQ STRATEGIC DEVELOPMENTS IN POLITICS AND ECONOMICS Recent developments in Iraq underline significant political and economic maneuvers as the country navigates its post-conflict landscape. Amid ongoing tensions with neighboring Turkey, Iraq's governmental efforts are
Hopes for a Baghdad-Erbil oil deal dimmed after Iraq’s Cabinet failed to address Kurdish exports and unpaid salaries on July 8. Talks had reached “final stages,” but mistrust lingers. $8–9B in lost income & 400k bpd remain offline. #Iraq #KRG #OilExports #MiddleEastEnergy
