Oil payment plan could strengthen Kirkuk-KRG ties
Under a provisional plan, Kirkuk could receive a portion of KRG export proceeds, further integrating the province into Kurdistan's oil sector.
Kurdistan Regional Government President Massoud Barzani (L) sits with Kirkuk Gov. Najmaldin Karim during a visit to Kirkuk on July 8, 2015. (AKO RASHEED/Reuters)
The Kirkuk governorate and the Kurdistan Regional Government (KRG) are negotiating a plan for sharing oil revenues – a deal that could prove vital to the KRG's oil strategy, while further weakening Baghdad's grasp on disputed fields.
In talks between Kirkuk Gov. Najmaldin Karim and KRG Prime Minister Nechirvan Barzani – with the encouragement of Turkey's top diplomat – the two sides have provisionally agreed that Kirkuk governorate will receive a portion of the KRG's oil export proceeds, similar to the so-called "petrodollar" payments that oil-producing provinces are supposed to receive from the federal government.
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