KRG holding oil deal signing bonus and sales until Iraq passes revenue sharing law
Iraq's Kurdish region has been collecting millions of dollars in signing bonuses for 19 oil deals inked with international oil companies but is waiting for a federal revenue-haring law before turning it over to Baghdad. The signing bonuses vary from between $1 million and $5 million "to sometimes more than that," Kurdistan Regional Government Minister […]Iraq's Kurdish region has been collecting millions of dollars in signing bonuses for 19 oil deals inked with international oil companies but is waiting for a federal revenue-haring law before turning it over to Baghdad.
The signing bonuses vary from between $1 million and $5 million "to sometimes more than that," Kurdistan Regional Government Minister of Natural Resources Ashti Hawrami told United Press International’s Ben Lando, though he wouldn't give details "until we publish the information." …
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