Baghdad takes a step toward paying the KRG for rising exports, but technical and political hurdles remain.

Iraqi Cabinet approves Kurdish export agreement

Iraqi Cabinet approves Kurdish export agreement
Oil Minister Abdul Karim Luaibi speaks to the press in February 2011. (BEN VAN HEUVELEN/Iraq Oil Report)

The Iraqi Cabinet on Tuesday ratified a plan to pay the semi-autonomous Kurdistan region for its oil exports.Under the agreement, the Kurdistan Regional Government (KRG) will increase exports to 200,000 barrels per day (bpd) this year and will average at least 250,000 bpd in 2013.The deal, which was negotiated Sept. 13 in Baghdad by Oil Minister Abdul Karim Luaibi and KRG Minister of Natural Resources Ashti Hawrami, would also see Baghdad re-start payments to Kurdistan for the work its c...

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