The new bill earmarked 12.7 percent of the budget to the oil-rich autonomous Kurdistan region of northern Iraq. It follows long-standing tensions with Kurdish leaders who had previously denounced amendments relating to oil in the budget, resulting in repeated delays to the vote.
Iraq to resume Kurdish oil exports to Turkey Saturday
On Thursday the Kurdish authorities said in a statement that "the Kurdistan regional government and the federal authorities have reached a (final) deal on the resumption of oil exports". Hours later, Iraqi Oil Minister Hayan Abdel Ghani said crude exports would resume from Saturday.
