DİHA - Dicle News Agency


Baghdad-Hewlêr agree over oil and budget

3 December
11:36 2014

HEWLÊR (DİHA) - The Central Iraqi Government and South Kurdistan Government have reached a final agreement over the share of oil and budget Tuesday, according to Kurdish officials.

A final agreement was made Tuesday after Iraqi and Kurdish officials held three days of talks in Baghdad. According to the agreement, the Baghdad government will allocate a 17 percent share out of Iraq's budget to the Kurdistan on a monthly basis, and the Kurdistan will transfer 250 thousand barrels of oil daily from its own production to the Iraqi oil ministry.

The Central Iraqi government and South Kurdistan governments had disagreements over the sale of Kurdish oil and the share of oil revenues when the Kurdistan began selling oil independently from the central government via the Turkish port of Ceyhan.