Iraq’s Kurds announced a partial agreement on oil exports with the country’s federal government, in which the semi-autonomous region’s oil will be exchanged for revenues from the administration in Baghdad.
The Kurdistan Regional Government placed 150,000 barrels a day of crude at the disposal of the central government, according to a statement on the KRG’s website today. In return, the Federal government will transfer $500 million to the KRG. Kurdish Prime Minister Nechirvan Barzani will lead a delegation to Baghdad in the coming days for further talks, it said.
Agree M, let's not beat about the bush, this board is littered with those who want this SP to keep falling in order to top up. They don't give a hoot for those who got in late, although that is simply just unfortunate, they just boast about the price they got in at. They stink.
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