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The oil policy defined in the annual budget is the main conflict between Baghdad and Kurdistan. According to this new policy, Kurdistan will have to export 400,000 barrels oil per day through Baghdad pipelines and in the failure, the 17% deduction will be made in the final budget of Kurdistan. Kurdistan is not ready to accept this term and consider as against the interest of Kurdistan.

The oil conflict between Iraq and Kurdistan has reached at a serious stage where both of the regions have taken stand on their own conditions to resolve this matter. Kurdistan decided to boycott all parliamentary sessions and meetings for discussions and approval of the annual budget of Iraq, until new rules and regulations for oil and gas.

Iraqi Dinar 123 News:- The political condition of Iraq is in the crisis fort last twelve months. The political clashes between Kurdistan regional government and Baghdad has become several in the last couple of months. Kurdistan regional government decided to boycott as protect against oil policies of Baghdad.