**Economically Boosting the KRG with Resumed Oil Exports: Regional Analysis**
Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as historic and expected to significantly boost Iraq’s federal budget by up to $500 million monthly.
The resumption of oil exports marks a critical development for the Kurdistan Regional Government (KRG) and Iraq as a whole, promising enhanced economic stability and increased revenues. This agreement is anticipated to strengthen fiscal relations between the KRG and the federal government, fostering cooperation and mutual benefit.
In 2023, Iraqi Prime Minister Mohammed Shia’ al-Sudani and KRG Prime Minister Masrour Barzani met in Baghdad to discuss and finalize this pivotal arrangement, underscoring its importance for the region’s economic future.
*Illustrative image: Iraqi Prime Minister Mohammed Shia’ al-Sudani (right) and KRG Prime Minister Masrour Barzani (left) in Baghdad, 2023.*
By reopening the oil flow, both Iraq and the Kurdistan Region stand to gain considerably from increased revenues and strengthened geopolitical ties, marking a new chapter in the region’s economic landscape.
*— FRANTZMAN*
https://www.jpost.com/middle-east/article-868761
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