How Much Was the KRG’s Oil Revenue in 2024 and What Happened to It?
The Iraqi Finance Ministry has recently cited the Kurdistan Regional Government’s (KRG) 2024 revenue as part of its justification for…
KRG’s Total Oil and Non-Oil Revenues for 2023 and 2024
According to data published by the Iraqi Finance Ministry—based on the joint federal audit conducted by Baghdad and the KRG,…
KRG Oil Production Surges 11% in Q1 Despite Export Constraints
Kurdistan Region’s oil industry showed notable growth in Q1 2025, with increased production levels and higher revenues across key oil…
Written by
Arivan
KRG Oil Audit for Q2 2024 Reveals Deepening Fiscal Crisis: $50M Deficit, $9.25B in Debt
According to a new joint financial oversight report by Iraq and the KRG for the second quarter of 2024, companies operating in the KRG’s oilfields produced a total of 27,694,529…
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Arivan
Two Years After the Pipeline Shutdown: Where Do KRG’s Oil Exports Stand?
On the morning of March 25, 2023, Turkey halted oil exports from the Kurdistan Region to the Ceyhan port, following a ruling by the International Court of Arbitration in Paris.…
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Written by
Arivan
Iraq’s 2024 Import Profile: UAE Leads with $31B, Gold Tops Commodity List
Iraq in 2024 imported goods and commodities valued at approximately $65.293 billion from the United Arab Emirates, China, Turkey, India, Brazil, and the United States. The highest value of imports…
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Written by
Arivan
KRG-Iraq Budget Dispute: A Battle of Interpretations
One of the most interesting issues in the ongoing Kurdistan Regional Government (KRG)-Iraqi central government budget conflict is not merely the disagreement over financial figures, but the competing interpretations of…
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Written by
Arivan
How Baghdad’s Customs Checkpoints Have Diminished KRG’s Trade Power
Six months into Baghdad’s customs centralization policy with the Kurdistan Region, traders are increasingly relocating their operations to Iraqi-controlled territories—a deliberate outcome aimed at reshaping regional trade dynamics. From the…
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Written by
Arivan
US-Iraq Trade Drops in 2024 Despite Surge in American Vehicle Imports
US exports to Iraq declined significantly in 2024, dropping 26.4% from $2.257 billion in 2023 to $1.662 billion – a decrease of $595 million. Automotive sector growth: Despite the overall…
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Written by
Arivan
Kurdistan’s Widening Income Gap: Expenditures Outstrip Earnings
The Iraqi national census and socio-economic surveys published by the Iraqi Ministry of Planning, in coordination with the Kurdistan Regional Government’s (KRG) Ministry of Planning, have been released separately and…
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