Iraq and Kurdistan Regional Government agree preliminary oil export deal

The government of Iraq and Kurdistan Regional Government (KRG) came to an agreement over Kurdish oil exports and civil servants payments from Baghdad to ease tension last week.

A statement by the KRG spokesperson in Arbil, confirmed that Baghdad would recommence payments for KRG civil servant salaries after they were stopped in protest of Iraqi Kurdistan’s independent oil exports.

“What they have agreed is that Baghdad will release some funds - $500 million – and the KRG will give 150,000 barrels per day of oil to Baghdad,” said Safeen Dizayee.

The spokesperson added that a full KRG delegation would travel to Baghdad at a later date to reach a more comprehensive deal on oil exports and further reiterated that the KRG would not hand over control of oil exports to Bagdad, reports Reuters.

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