Baghdad-KRG deal gradually coming on line
The oil-export deal between the Kurds and the rest of Iraq is working, in part, but complexities and differences still bedevil it
After a rocky start, the oil-export deal reached between Iraq’s federal government and the autonomous Kurdistan Regional Government (KRG) last December is now moving towards full implementation. The country was able to get a fresh start with the election of Hayder al-Abadi as head of a new government last September, and following an interim deal, the two sides reached a comprehensive agreement which was embodied in the budget bill passed by the Cabinet on 23 December. Six months on, exports from the north are on the upswing, especially the component contributing to the federal budget. In January, pipelines going through the KRG exported close to 400,000 barrels per day (b/d), but only about
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy






