"Parliament's approval is very significant to resolve oil dispute between Baghdad and Erbil and it will help expedite the ...

Iraq's parliament passed a plan to boost payments to oil companies in Kurdistan, a step toward resuming exports from the area ...

Iraq’s parliament on Sunday approved a budget amendment to subsidise production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking ...

The assembly on Sunday voted in favor of a plan approved by the cabinet in November that would amend the budget to allow Baghdad to pay out $16 a barrel ... as Iraq sought to take full control of the ...

The budget amendment  mandates that the KRG transfer its oil production to the state-controlled State Oil Marketing ...

while opposition remains largely confined to a small faction from central and southern Iraq. These factions’ primary contention revolves around the $16 per barrel production cost allocated to ...

Iraq's parliament has taken a significant step ... This amendment aims to subsidize production costs for international oil companies operating in Kurdistan, setting a new rate of $16 per barrel. The ...

Kazakhstan's oil production hit a record high on January 27, with daily output reaching 278,499 ... It is subject to output targets. However, it has frequently been cited alongside Iraq and Russia as ...