75 days after the flow of Kurdiah oil to Turkey got halted, and numerous rounds of negotiations later, there is still no solution between the 3 involved partiesTags: Turkey, Iraq, KRG, Erbil, Oil Exports, Geopolitics, Ceyhan, U.S.
the region's oil production, which eventually encouraged both governments to resume it through an agreement signed at April 4th, 2023, but recent developments in the Iraqi political context have cast serious doubt on the deal's future.
KRG's oil and gas production capacity, as well as administrative competencies, were the principal targets of federal budget modifications.
However, the most critical current change is that it eliminated payable expenditure for Kurdistan's oil production to be the same as Iraqi federal production rates, despite the fact that oil production in Kurdistan is in Production Sharing Agreements , which required oil operators to fund production against the Iraqi contract type of Technical Purchasing Agreement using Iraqi federal funds.
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