Iraq/Kurdistan: Oil-for-Budget War Reignites between Erbil and Baghdad

Apr 26, 2020 | Lawk Ghafuri, Rudaw
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Having spent a year shirking its end of the oil-for-budget agreement with Baghdad, the Kurdistan Regional Government (KRG) has said it is ready to hand over its quota of 250,000 barrels per day (bpd) of oil in exchange for its share of the Iraqi federal budget. Dara Rashid, the KRG planning minister, told a press conference in Erbil on Sunday the Kurdistan Region is ready to deliver the oil quota to Iraq’s State Organization for Marketing of Oil (SOMO) in return for public finances.