Genel Energy, which operates in the Iraqi Kurdistan region, has said the government of the semi-autonomous region and the central government in Baghdad are close to resolving a long-standing dispute over the sharing of oil revenues, Reuters has reported. In November, the Kurdistan Regional Government (KRG) and Turkey signed a package of energy deals providing for exports of the regions’ rich hydrocarbon reserves abroad without having to get clearance from the central government. The move angered Baghdad, which threatened to sue the companies that lift Kurdish oil via the KRG pipeline. “We have never been this close to a deal,” Mehmet Sepil, the president of Anglo-Turkish firm told the news service. “The issues that caused an impasse have been identified. There’s been quite a bit of progress made.”
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