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Iraq Is Yet to Amend Budget to Get Kurdish Oil Flowing Again

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Iraq’s government is still studying a proposed amendment to the federal budget that would enable Baghdad to pay international oil companies working in Kurdistan, according to Oil Minister Hayyan Abdul Ghani.

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The change would allow producers in the semi-autonomous region to resume output — and eventually exports via the Turkish port of Ceyhan. Turkey shut the pipeline bringing crude from Kurdistan last March, and that’s resulted in billions of dollars of lost revenue for the governments and companies involved.

 

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