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Iraq government and Kurdish region strike budget and oil export deal
Source: Agence France-Presse
Iraq government and Kurdish region strike budget and oil export deal
Agence France-Presse in Baghdad
The Guardian, Tuesday 2 December 2014 13.18 GMT
Iraq’s government and the autonomous Kurdish region have reached an agreement resolving a longstanding dispute over the budget and oil, a move seen as a key step in improving cooperation against jihadists.
A statement from the Iraqi prime minister Haider al-Abadi’s office on Tuesday said the deal, which comes in to effect next month, was approved during a cabinet meeting also attended by the Kurdish prime minister, Nechirvan Barzani.
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The deal will see oil from the Kurdish region or claimed by its leadership exported via Kurdish pipelines but through the federal oil company.
In return, Baghdad will release the Kurdistan regional government’s share of national revenue, which had been frozen for more than a year in retaliation for Irbil’s efforts to export oil unilaterally.
[font size=1]-snip-[/font]
Agence France-Presse in Baghdad
The Guardian, Tuesday 2 December 2014 13.18 GMT
Iraq’s government and the autonomous Kurdish region have reached an agreement resolving a longstanding dispute over the budget and oil, a move seen as a key step in improving cooperation against jihadists.
A statement from the Iraqi prime minister Haider al-Abadi’s office on Tuesday said the deal, which comes in to effect next month, was approved during a cabinet meeting also attended by the Kurdish prime minister, Nechirvan Barzani.
[font size=1]-snip-[/font]
The deal will see oil from the Kurdish region or claimed by its leadership exported via Kurdish pipelines but through the federal oil company.
In return, Baghdad will release the Kurdistan regional government’s share of national revenue, which had been frozen for more than a year in retaliation for Irbil’s efforts to export oil unilaterally.
[font size=1]-snip-[/font]
Read more: http://www.theguardian.com/world/2014/dec/02/iraq-government-kurdish-budget-oil-export-deal