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Baghdad resolves oil firms' payments dispute with KRG

  • Iraq: Monday, February 25 - 2013 at 04:45

The Iraqi government has said a long-standing conflict over payments to oil firms operating in Iraqi Kurdistan has been solved, Azzaman has reported. Ibrahim al-Jaafari, who heads the pro-government national alliance, said the two sides "have reached a legal framework to cover the payments due to foreign firms with deals with the (Kurdish) region." The new agreement is conditional on Kurds shipping their oil destined for exports via Iraqi national pipelines and the royalties ending up in Iraqi national exchequer, said Jaafari.

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