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Iraqi Parliament Clears Key Hurdle to Kurdistan Oil Export Restart ...Middle East
On Sunday, Iraq’s parliament voted on a key plan for the compensation of oil companies operating in the semi-autonomous Kurdistan region that would speed up the restart of crude oil exports from the region. According to a Bloomberg report, MPs decided to allocate $16 per barrel produced in Kurdistan and transported from the field. This would facilitate negotiations between Baghdad and the regional Kurdish government in Erbil but it will not entirely settle matters because the sum per barrel is $10 lower than what oil field operators in Kurdistan…
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