The oil ministers from the central and Kurdish governments agreed that Kurdistan will boost exports and Baghdad will pay contractors.

Update: Progress in KRG-Baghdad oil talks

Update: Progress in KRG-Baghdad oil talks
Oil Minister Abdul Karim Luaibi. (BEN VAN HEUVELEN/Iraq Oil Report)

Update: adds more detail and quotes from officials close to the meeting, and analysis.Key leaders from the central and Kurdish governments signed an agreement Thursday which – if implemented – will increase Kurdistan's oil exports and re-start Baghdad's payments to contractors. "An agreement was made in principle to pay the entitlements" to the companies producing oil under contracts awarded by the Kurdistan Regional Government (KRG), said an official who was in the meeting. "Certain...

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