Iraq/Kurdistan: Iraq, Kurdistan Jointly Export Kirkuk Oil Again: Trading Sources

Sep 1, 2016 | Dmitry Zhdannikov, Reuters
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Iraqi state oil firm SOMO and Iraq's semi-autonomous region of Kurdistan have begun jointly exporting crude from the giant Kirkuk oilfield again after cutting a preliminary deal on revenue-sharing, trading sources said on Thursday. The development signals a breakthrough in relations between Baghdad and Erbil, which have been disputing how to share oil and budget revenues for several years amid fiscal problems on both sides and their fight against Islamic State militants.