Iraq Parliament to Vote on Kurdistan Oil Costs Soon: Politician14 Jan 2025 12:11
ERBIL — Hadi Al-Amiri, Iraqi politician and head of the Fatah Alliance, said there are no issues between the Kurdistan Regional Government (KRG) and the federal government, adding that the issue of the Region’s oil production costs will soon be voted on in the Iraqi parliament.
Speaking about the Kurdistan Region, Amiri confirmed that an amendment to the federal general budget law for 2023, 2024, and 2025 has been approved. He noted that oil production costs in Kurdistan were set at $8 per barrel in 2023 but stated, “Our brothers in the Kurdistan Region said this amount is low, and the federal government has since amended it,” as reported by Kurdistan 24.
Amiri expressed optimism about resolving the matter, saying, “I think this issue will be resolved and voted on in parliament. We do not see a problem between the Kurdistan Regional Government and the federal government, and we are committed to finding solutions to all issues.”
The Iraqi parliament announced that it has completed the report and second reading of the amendment to the budget law. A second debate on the draft amendment was scheduled for Tuesday, January 13, 2025.
A statement from parliament confirmed that the draft First Amendment Act of the Federal General Budget Law for the fiscal years 2023-2024-2025 (No. 13 of 2023) has undergone discussion, though no further details were provided.
The amendment focuses on adjusting the cost of oil production in the Kurdistan Region. Previously, on December 4, 2024, Iraqi Prime Minister Mohammed Shia’ al-Sudani attended a parliamentary session to discuss the amendment. He urged lawmakers to vote on changes to the Kurdistan Region’s oil sector, warning, “The longer the Kurdistan Region’s oil exports are delayed, the more damage we will suffer.”
Efforts to amend the budget law have been ongoing, with the first reading completed on November 26, 2024. The discussions reflect the federal government’s determination to address long-standing financial disputes with the Kurdistan Region.