Iraq/Kurdistan: Kurds Ready for New Oil Deal with Baghdad If They Get $1 Billion a Month

Jun 15, 2016 | Maher Chmaytelli and Isabel Coles, Reuters
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Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double what they make currently from selling oil. The Iraqi central government in March stopped oil exports through a Kurdish pipeline to pressure the local authorities to resume talks about an oil revenue-sharing agreement.