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Erbil, Baghdad confirm agreement on oil and budget dispute

By Rudaw 2/12/2014
The Kurdish and Iraqi prime ministers meeting in Baghdad.
The Kurdish and Iraqi prime ministers meeting in Baghdad.

BAGHDAD - An important oil and budget deal that closes months of deadlock between Erbil and Baghdad “is a good beginning for solving other pending issues,” Kurdistan Region Prime Minister Nechirvan Barzani said after finalizing the deal in Baghdad.

He said the deal also includes 200 billion Iraqi dinars for the Kurdistan Region’s Peshmerga forces.

Barzani and the Iraqi government both confirmed details of the oil and budget deal, which resolved the two biggest hurdles of Kurdish crude exports and payments from the national budget to the autonomous Kurdistan government.

“We will send 250,000 barrels of Kurdistan oil as well as 300,000 oil barrels from Kirkuk oilfields to the federal government,” Barzani said following the agreement, which came after four rounds of talks with Iraqi Premier Haidar Abadi and Oil Minister Adel Abdul Mahdi.

Both sides confirmed that the Kurdistan Regional Government (KRG) would begin receiving the 17 percent of the national budget, to which it is constitutionally entitled but which have remained frozen since early this year.

Barzani added that the agreement includes 200 billion Iraqi dinars for the Kurdish Peshmerga forces. “The money which will be sent by Baghdad will not be counted on the KRG budget but on the budget of Iraqi defense ministry,” he revealed.

“What we have done is not enough but it is a good beginning for solving other pending issues,” Barzani said.  “I am happy with the agreement and it is a good achievement for all the parties.”

He praised the Iraqi premier, saying his “desire to solve the problems motivates us to reach more agreements.”

Among the important outstanding hurdles that remain between the two is a dispute over large swaths of so-called “disputed territories” that include oil-rich Kirkuk, and which the Kurds want resolved through a referendum.



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M Gonzales
M Gonzales | 2/12/2014
A. What about the past 10 months budget, does baghdad get to keep that withheld money? Thats a heck of a deal for Baghdad if they dont have to pay that back. B. 200 billion dinars according to google is around 172 Million U.S dollors, for a Military force such as the Peshmerga thats peanuts. Is this per month or per year? Per year then you Kurds are getting ripped off, if it's per month then thats great. C. What about equiping the Peshmerga? Does Kurdistan have to rely on baghdads good gracious when it comes to modern equipment and ammunition ...thats not working out so well at the moment. The Peshmerga's old T-55's are not going to last forever and when the Peshmerga have no more working tanks in a few years or artillery .... For me as a outsider looking in, the money dispute is important but not as Important as your Peshmerga.
AA | 2/12/2014
The real deal here is the fact that Baghdad just accepted that Kerkuk is part of Kurdistan, because they accepted Kurds controlling the oil of Kerkuk :)
Sarchell Jaff | 2/12/2014
I wonder why all the fuss, they could have done this last year. What happened to "not handing our oil policy to Baghdad"
EMREAL | 2/12/2014
550,000 bbl/oil per day at $U$60 = $US 12 Billion a year. Baghdad did not sacrifice a single life to regain the oil in Kirkuk. At face value this looks like a terible agreement for the Kurds. Instead of the Kurds receiving what Bagdad owes the Kurds, the Kurds have agreed to PAY Baghdad $US 1,ooo,000,000 per month. What has Iran's Baghdad "given up? Nothing.
EMREAL | 2/12/2014
$US 1.72 billion form the Iraqi Defense Ministry. They will take that from their change purse. Iran's Baghdad is laughing at your Prime minister (so is Maliki). He only acts unhappy with the deal. Truthfuly they cant believe your Kurdish leadres negotiaion skills are so weak. If you want to beat the kurds,don't fight with them, just talk to them. They will give you everything including their dead children.

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