Iraq’s government has agreed “in principle” on a long-anticipated oil-sharing deal with the northern Kurdish region, officials said Monday.
The agreement comes amid weeks of anti-government protests threatening the continued rule of Prime Minister Adel Abdul-Mahdi, who is seen as friendlier to the Kurds than previous leaders.
Two Iraqi government officials say the Kurds agreed to contribute 250,000 barrels per day of oil to the federal government by the start of next year in return for a greater share of the federal budget, which they will use to pay public sector salaries and other expenses.
The decision was made in a meeting chaired by Finance Minister Fuad Hussein, attended by Oil Minister Thamir Ghadhban and a visiting delegation from the Kurdish region.
Click Source: The Associated Press