Iraq’s budget problems go beyond Erbil-Baghdad crisis. By Harith Hasan

The Iraqi parliament still has not been able to approve the draft general budget for 2014, prompting Prime Minister Nouri al-Maliki to warn of the possibility of a major financial crisis and a disruption of state institutions. As the conflict continues between Baghdad and Erbil regarding Iraqi Kurdistan's share in the state budget, there is a pressing need for the government t

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Mosul, northern Iraq to refine oil in disputed areas

An oil refinery construction agreement between Iraq's Mosul province and the Kurdish Regional Administration was signed on Monday, says Mosul governor.The agreement includes the sharing of oil extracted from the disputed areas between Mosul and the Kurdish Regional Administrationm (KRG) in support of the Mosul province, said Nujaifi and added, "This agreement will change Iraq'

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Dana Gas takes Kurdistan to court, By Patrick Osgood of Iraq Oil Report

ERBIL - The consortium managing the only producing natural gas field in Iraq's autonomous Kurdistan region is taking the Kurdistan Regional Government (KRG) to court, alleging overdue payments that are likely to total over $2 billion. The dispute threatens to send an uncharacteristically chilling signal to foreign companies that have generally lauded the KRG's Ministry of Natur

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