Baghdad, Kurds strike temporary oil deal
Top officials meeting in Erbil see resumption of limited exports via SOMO, October payment to KRG as step in the right direction.
Iraqi Oil Minister Adil Abdulmahdi (left), KRG Prime Minister Nechirvan Barzani (center), and KRG Deputy Prime Minister Qubad Talabani (right), in Erbil on Nov. 13, reach a deal on restarting revenue sharing payments and exports. (Source: Kurdistan Regional Government)
ERBIL - Leaders from Baghdad and Erbil announced an agreement Thursday that could lead to negotiations over intractable disputes concerning oil, money, and territory.
Iraq's central government will send $500 million to the Kurdistan Regional Government (KRG), and the Kurdish side will transfer 150,000 barrels per day (bpd) of oil to the central government.
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