Kirkuk receives petrodollars from Kurdistan government
$10 million payment consolidates Kirkuk’s oil within the Kurdistan region’s exports, delivering cash to the province while shoring up a critical ingredient of the KRG’s oil mix.
Kurdistan Regional Government President Massoud Barzani (L) sits with Kirkuk Gov. Najmaldin Karim during a visit to Kirkuk on July 8, 2015. (AKO RASHEED/Reuters)
KIRKUK - Kirkuk’s provincial government confirmed Tuesday that it has received $10 million for oil exported and sold independently by the Kurdistan Regional Government (KRG).
The payment follows a deal struck between the KRG and Kirkuk Gov. Najmaldin Karim in December, brokered with Turkish diplomatic encouragement, that functions to bind the autonomous Kurdistan region and Kurdish-led Kirkuk province even closer together, and to weaken the cash-strapped federal government’s grip on the oil-rich province.
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