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Kurds, Baghdad Ready for Oil Deals

Kurds, Baghdad Ready for  Oil DealsKurds, Baghdad Ready for  Oil Deals

Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government said. KRG spokesman, Safeen Dizayee, said in an interview in the Iraqi Kurdish capital Erbil on Tuesday that the Kurdish authorities would be willing to sell the oil through Baghdad if they get a share from the federal budget amounting to $1 billion a month. "If Baghdad comes and says ok, give me all the oil that you have and I'll give you the 17% as per the budget, which equals to one billion, I think, logically it should be the thing to accept," he told Reuters, specifying later that the amount referred to a monthly payment in dollars. According to Dizayee, the KRG stopped delivering crude oil to the central government a year ago, a decision taken when Baghdad's payment fell under $400 million a month,.

Financialtribune.com