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Iraq approves $560 million for oil companies in Kurdistan  Join our daily free Newsletter

MENAFN - Aswat Al-Iraq - 01/04/2012

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(MENAFN - Aswat Al-Iraq) Iraqi finance minister Rafi' al-Issawi stated that the central government approved paying 560 million to oil producers in Kurdistan region, according to
Reuters.

The Kurdish government decided last Monday to reduce its production to 50.000 b/d and threatened to stop it completely if Baghdad does not pay 1.5 billion.

During the Arab Summit sessions, Issawi added that the government allocated 559.4 million for this purpose.

Conflict on this subject took longer time between the central government and the Kurdish on controlling oil production in the region.

 






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