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As Kurdistan receives $541 million from Baghdad – the first payment in a new export deal – a conflict is brewing over a second tranche.

Payment confirmed, distrust continues

Payment confirmed, distrust continues
A worker checks the generator and pumps at the start of the Iraq-Turkey Pipeline in Kirkuk. (BEN LANDO/Iraq Oil Report)
By Ben Lando of Iraq Oil Report
Published Tuesday, October 9th, 2012

Iraq's central government has taken a significant step toward building oil sector cooperation with Kurdistan, delivering $541 million to the semi-autonomous region and its oil contractors in recompense for past exports.The payment was nearly two weeks late – a delay which highlighted persistent distrust. As recently as this past weekend, Kurdistan's contractors were threatening to cut exports if the money transfer wasn't successful."The KRG (Kurdistan Regional Government) gave us enoug...

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