According to Media sources , Iraq’s Kurds 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, a spokesman for the Kurdistan Regional Government (KRG) said, Reuters reports.
Iraq’s 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.
The media sources added that Iraq’s state-run North Oil Company normally exported 150,000 barrels a day through the pipeline that comes out at the Mediterranean port of Ceyhan, in Turkey. The pipeline also carries oil produced in the Kurdish region in northern Iraq and sold independently from the central government.
KRG spokesman Safeen Dizayee said in an interview in the Iraqi Kurdish capital Erbil that the Kurdish authorities would be willing to sell the oil through Baghdad if they get a share from the federal budget amounting to a $1 billion a month.
“If Baghdad comes and says ok, give me all the oil that you have and I’ll give you the 17 percent as per the budget, which equals to one billion, I think, logically it should be the thing to accept,” he told Reuters, specifying later that the amount referred to a monthly payment in dollars.