sunny.png
Friday February 21st, 2020 10:52AM

Iraqi officials cite progress on oil deal with Kurds

By The Associated Press

BAGHDAD (AP) — 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.

The officials say the deal, which has been in the works for months, will be the main pillar of a broader agreement to address longstanding political issues such as revenue-sharing, territorial disputes and military cooperation.

“We will sort out these issues as we go,” one official said. “But this will be the main foundation of a broader political agreement.”

The officials spoke on condition of anonymity because they were not authorized to brief media.

The Kurds’ independent oil policy has been a source of friction with the federal government for over a decade. The central government says independent oil exports are unconstitutional and has cut the annual budget allocation for the region as punishment.

But relations have improved under Abdul-Mahdi, who assumed office last year. For the first time ever, the 2019 budget provided the Kurds with funds to pay civil servants even without oil transfers.

The agreement, which will be refined in technical meetings in the coming weeks, comes at a fraught time, following weeks of anti-government protests in Baghdad and across southern Iraq. At least 340 people have been killed and thousands have been wounded since Oct. 1.

The Kurds may have been eager to make a deal with Abdul-Mahdi, an ally who is facing mounting calls to resign.

“The deal was struck because the Kurds see Adel as a partner they can trust,” one of the officials said.

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, AP Business, AP Business - Industries, AP Business - Utilities
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks jump to records as tech, small companies lead way
A flurry of buyout deals and rising optimism about U.S.-China trade talks sent stocks back to record heights Monday, the latest bit of fuel for a market that’s been climbing since early last month
4:31PM ( 6 minutes ago )
Schiff: Impeachment report to come soon after Thanksgiving
House Intelligence Committee Chairman Adam Schiff says his committee is preparing an impeachment report to submit to the House Judiciary Committee “soon after Congress returns from the Thanksgiving recess.”
4:21PM ( 16 minutes ago )
Suspect in sheriff’s death appears in court
A teenager accused of killing an Alabama sheriff will be held without bond
4:12PM ( 25 minutes ago )
Associated Press (AP)
Remains found believed to be UFC fighters’ stepdaughter
An Alabama district attorney says they have “good reason” to believe human remains found on a road belong to the missing stepdaughter of a UFC heavyweight fighter
3:53PM ( 45 minutes ago )
Thieves steal ‘priceless’ jewel sets from Dresden museum
Thieves carried out a heist Monday at Dresden’s Green Vault, one of the world’s oldest museum, making off with three “priceless” sets of jewelry from the 18th century that German officials said would be impossible to sell on the open market
3:51PM ( 46 minutes ago )
This stock trade isn’t free: Schwab scoops up rival for $26B
Charles Schwab buys rival TD Ameritrade in an approximately $26 billion all-stock deal, a blockbuster deal brought about by disruption in the online brokerage industry
3:47PM ( 50 minutes ago )
AP National News
As more men run, Klobuchar makes case for female nominee
Amy Klobuchar does not want to run for president as a ‘woman candidate’
2:34PM ( 2 hours ago )
April trial date set for guards charged in Epstein death
A judge has set an April trial date for two jail guards accused of failing to make required checks on Jeffrey Epstein the day he died
2:16PM ( 2 hours ago )
Attorney general: Israel’s Netanyahu not required to resign
Israel’s attorney general says Prime Minister Benjamin Netanyahu is not required to leave office following his indictment on corruption charges
1:58PM ( 2 hours ago )
AP Online National News
AP Explains: Colombians join Latin America's protests
AP Explains: Thousands of people have taken to the streets in Colombia in the past week, joining the largest protests there in years. They have a range of grievances.
3:20PM ( 1 hour ago )
Businessman buys Nazi items; plans to donate to Jewish group
A Geneva businessman says he has purchased Adolf Hitler’s top hat and other items of Nazi memorabilia to keep them out of the hands of neo-Nazis and will donate them to a Jewish group
2:51PM ( 1 hour ago )
US stocks move higher following signs of trade progress
U.S. stocks moved higher in afternoon trading on Monday over renewed optimism for a trade agreement and several blockbuster deals
1:58PM ( 2 hours ago )
AP Business
Pope in Japan voices concern over nuke power, meets victims
Pope Francis has voiced concern about nuclear power after meeting with victims of Japan’s 2011 nuclear disaster, saying the development of future energy sources must take environmental considerations into account
7:37AM ( 9 hours ago )
Pope in Japan meets victims, voices concern over nuke power
Pope Francis has voiced concern about nuclear power after meeting with victims of Japan’s 2011 nuclear disaster, saying the development of future energy sources must take environmental considerations into account
5:21AM ( 11 hours ago )
Alaska Native ice cellars failing amid environmental changes
Add ice cellars to the list of environmental victims in Alaska’s Native whaling villages
1:03AM ( 15 hours ago )
AP Business - Industries
S&P 500 snaps 6-week string of gains even as stocks rise
U.S. stocks shook off a midday stumble to finish slightly higher Friday, though the modest rebound was not enough to keep the S&P 500 from breaking its longest stretch of weekly gains in two years
5:17PM ( 2 days ago )
Iran internet slowly revives; US sanctions telecom minister
The internet has slowly trickled back on in Iran after a dayslong shutdown by authorities amid protests and unrest that followed government-set gasoline prices sharply rising
11:06AM ( 3 days ago )
Internet slowly returns, US calls for Iran crackdown videos
The internet has slowly trickled back on in Iran after a dayslong shutdown by authorities amid protests and unrest that followed government-set gasoline prices sharply rising
10:34AM ( 3 days ago )
AP Business - Utilities
US stocks jump to records as tech, small companies lead way
A flurry of buyout deals and rising optimism about U.S.-China trade talks sent stocks back to record heights Monday, the latest bit of fuel for a market that’s been climbing since early last month
4:31PM ( 6 minutes ago )
Schiff: Impeachment report to come soon after Thanksgiving
House Intelligence Committee Chairman Adam Schiff says his committee is preparing an impeachment report to submit to the House Judiciary Committee “soon after Congress returns from the Thanksgiving recess.”
4:21PM ( 17 minutes ago )
Suspect in sheriff’s death appears in court
A teenager accused of killing an Alabama sheriff will be held without bond
4:12PM ( 26 minutes ago )
Priests guilty of abusing deaf children at Argentine school
Two priests have been found guilty of sexually abusing deaf children at a Catholic-run school in Argentina
4:09PM ( 28 minutes ago )
Bloomberg says he’s a problem-solver who can rebuild America
Former New York City Mayor Michael Bloomberg says he’s a problem-solver who can rebuild America and beat the “existential threat” that is President Donald Trump
4:05PM ( 32 minutes ago )