Payment confirmed, distrust continues
As Kurdistan receives $541 million from Baghdad – the first payment in a new export deal – a conflict is brewing over a second tranche.
A worker checks the generator and pumps at the start of the Iraq-Turkey Pipeline in Kirkuk. (BEN LANDO/Iraq Oil Report)
Iraq's central government has taken a significant step toward building oil sector cooperation with Kurdistan, delivering $541 million to the semi-autonomous region and its oil contractors in recompense for past exports.
The payment was nearly two weeks late – a delay which highlighted persistent distrust. As recently as this past weekend, Kurdistan's contractors were threatening to cut exports if the money transfer wasn't successful.
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