Payment confirmed, distrust continues
As Kurdistan receives $541 million from Baghdad – the first payment in a new export deal – a conflict is brewing over a second tranche.
A worker checks the generator and pumps at the start of the Iraq-Turkey Pipeline in Kirkuk. (BEN LANDO/Iraq Oil Report)
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.
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
