**Economically Boosting the KRG with Resumed Oil Exports: An Analysis**
Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as historic and expected to boost Iraq’s federal budget by up to $500 million monthly.
The resumption of oil exports marks a significant economic development for the Kurdistan Regional Government (KRG), promising substantial revenue influx that could enhance regional stability and growth.
Iraqi Prime Minister Mohammed Shia’ al-Sudani and KRG Prime Minister Masrour Barzani met in Baghdad in 2023 to discuss and facilitate this important agreement, highlighting the cooperation between the federal government and the KRG.
This renewed oil flow is anticipated to not only strengthen Iraq’s federal budget but also create more opportunities for investment and development within the Kurdistan Region.
*Illustrative image: Iraqi Prime Minister Mohammed Shia’ al-Sudani (right) and KRG Prime Minister Masrour Barzani (left) in Baghdad, 2023.*
© FRANTZMAN
https://www.jpost.com/middle-east/article-868761