Abadi: no KRG payments before full exports

ERBIL - Iraqi Prime Minister Haider al-Abadi said he will not authorize budget payments to the Kurdistan Regional Government (KRG) until it begins meeting the full oil export targets mandated in the 2015 budget.

In a briefing to political leaders, Abadi said money would be transferred to Erbil “only if Kurdistan meets the terms of the oil deal and exports 550,000 bpd,” said Aram Sheik Hassan, deputy speaker of Iraq's Parliament, in a press conference in Baghdad following the briefing.