KRG Budget Calculation

There is often confusion and misunderstanding when analysts and journalists, especially among Kurdistan region observers, try to decipher how the region’s share of the federal budget is calculated. The budget itself is a public document. Being a law ratified by the Iraqi Parliament, it is published annually in the official gazette. However, the document contains a lot of summaries and nuances that are always subject to misunderstanding unless one has…

Exxon’s Leap into Kurdistan

It was only a question of time before it became public. ExxonMobil’s move into Kurdistan region of Iraq was surrounded with lots of hush hush from the time it signed in October, until the moment the ministry of natural resources (MNR) in the KRG decided to score a fantastic public relations coup. Now that it is public, where does this leave the regional and the federal governments and what fate…