Why An Oil Deal Between Kurdistan And Baghdad Is Unlikely ...Middle East

The recent transfer of IQD200 billion (US$137 million) from the Federal Government of Iraq (FGI) in Baghdad to the semi-autonomous region of Kurdistan’s government (KRG) in Erbil raised hopes that a new era of cooperation across the two regions’ enormous oil and gas resources might be dawning. However, according to a series of statements from both sides, this transfer of funds was a one-time payment only and not the beginning of a monthly series of payments from Baghdad’s central government budget to the KRG in exchange for oil…

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