Tags: Iraq | iraq | oil | kurds | exports | stopped

Iraq's Northern Kurdish Region Stops Oil Exports

Tuesday, 25 Dec 2012 04:56 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

BAGHDAD — An Iraqi Kurdish official says the country's self-ruled northern Kurdish region has suspended oil exports over a payment row with the central government in Baghdad.

Ali Hussein Balo, adviser to the Kurdish Ministry of Natural Resources, said Tuesday Baghdad failed to fulfill its commitment to pay the full 1 trillion Iraqi dinars (about $848 million) to companies working in the region.

Balo said it only paid 650 billion Iraqi dinars (about $550 million).

In April, the Kurds stopped the exports of around 100,000 barrels a day due to delays in payments.

Four months later, the exports resumed. That allowed the two sides to reach a new agreement on payment.

Baghdad says the payment suspension was because the Kurds were pumping less than the 200,000 barrels a day they pledged.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bombing Iraqis Is Not the Answer

Wednesday, 26 Nov 2014 11:13 AM

The sensible way to address Iraq's problems is not more bombings; such actions will certainly prove counterproductive on . . .

Lebanese FM: Cyprus May be Jihadi Transit Point

Wednesday, 26 Nov 2014 10:10 AM

Lebanon's foreign minister says more attention should be paid to the possibility of Cyprus becoming a gateway for aspiri . . .

At Least 95 Killed as Syrian Govt Bombs Islamic State-Held City

Wednesday, 26 Nov 2014 09:38 AM

Syrian government airstrikes on a market, an industrial area and other areas in the Islamic State-controlled city of Raq . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved