×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: iraq | oil | kurds | exports | stopped

Iraq's Northern Kurdish Region Stops Oil Exports

Tuesday, 25 December 2012 04:56 AM EST

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 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
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.
iraq,oil,kurds,exports,stopped
130
2012-56-25
Tuesday, 25 December 2012 04:56 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

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
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved