KRG, Baghdad Strike Another Oil Deal

Wait 5 sec.

Erbil and Baghdad say they’ve once again cracked the code on resuming Kurdistan’s long-stalled oil exports — at least on paper. The Kurdistan Region’s natural resources ministry announced Wednesday that 23 delegates, including 17 from Iraq’s oil ministry, have signed off on a new export protocol. Under the deal, KRG will keep 50,000 barrels per day for domestic use, hand the rest to SOMO, and everyone will smile politely while pretending this time will be different. The hitch? Baghdad still needs to convince Turkey…