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| Iraq |
| Oil-for-budget war reignites between Erbil and Baghdad |
| 2020-04-27 |
| [Rudaw] Having spent a year shirking its end of the oil-for-budget agreement with Baghdad, the Kurdistan Regional Government (KRG) has said it is ready to hand over its quota of 250,000 barrels per day (bpd) of oil in exchange for its share of the Iraqi federal budget. Is this one of those situations where they’ll now get more from the Iraqi government under the deal than they would on the open market? Dara Rashid, the KRG planning minister, told a presser in Erbil on Sunday the Kurdistan Region is ready to deliver the oil quota to Iraq’s State Organization for Marketing of Oil (SOMO) in return for public finances."We are ready not only to hand over 250,000 barrels of oil per day to Baghdad, but also to hand over the entire KRG oil product. But in return, Baghdad must commit to sending all the financial shares of the Kurdistan Region and the entitlements of the oil companies operating in Kurdistan Region oilfields," Rashid said. |
| Posted by:trailing wife |