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Rudaw

Kurdistan

Erbil and Baghdad reach final deal on oil, budget

By Rudaw 2/12/2014
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ERBIL, Kurdistan Region—Iraq’s central government and the Kurdistan Region have reached an agreement on the issues of oil and budget following three days of talks in Baghdad, a Kurdish official said.

Rudaw has learned that based on the new agreement the federal government will send Kurdistan Region’s 17 percent share of the national budget and in return receive 550,000 barrels of oil.

It is reported that 250,000 barrels will be from Kurdish oilfields and 300,000 barrels from Kirkuk.

Kurdistan Region Prime Minister Nechirvan Barzani and a high level Kurdish delegation held four rounds of talks in Baghdad with their Iraqi counterparts, including PM Haider al-Abadi and oil minister Adel Abd al-Mahdi, leading to today’s final agreement.

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A-Kurd | 2/12/2014
Is this a good deal! or they are milking Kurdistan? and who is paying the cost?
orvis | 2/12/2014
typo above - surely 300,000 from Kirkuk
MALCOLM | 2/12/2014
To my untutored eyes, your Prime Minister seem to serve you well. I do not share Shakeapeare's cynicism: "Like madness is the glory of this life, As this pomp shows to a little oil".
Sweden | 2/12/2014
Shame Rudaw. Kirkuk oil is also KURDISH oil. You should write this thing in a better way. Do it again and do it right.
No Agreement | 2/12/2014
Contradictory news tell that the agreement is not held.It has failed.
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