Thursday, 20 September 2012 13:37
BAGHDAD: Iraq's autonomous Kurdistan said on Thursday it will receive 147,000 barrels of oil products p e r day, as part of a deal concluded with Baghdad to end a dispute over oil payments.
The deal, which was first outlined last week, will solve only few points of a broader feud between Baghdad and Kurdistan over oil exports, energy policy and territory which have become increasingly contentious topics.
"This deal cannot solve all the problems currently but it is considered a good step," Kurdish Prime Minister Nechirvan Barzani said in a statement posted on the Kurdistan Regional Government (KRG) website on Thursday.
Under the terms, the federal government in Baghdad will send 17 percent of its oil products to Kurdistan, which works out at 147,000 barrels per day, the statement said.
Baghdad and Kurdistan have been feuding over major oil companies like Exxon and Chevron who have signed exploration deals with the Kurdistan Regional ...