Baghdad, Erbil Find Common Cause As Oil Price Falls

Baghdad has transferred $500mn to the Kurdistan Regional Government (KRG) as part of a deal that will see 150,000 b/d of Kurdish oil handed over to the federal government. Iraqi Oil Minister ‘Adil ‘Abd al-Mahdi says this is not an oil-for-cash deal, but a confidence building step he hopes will lead to a comprehensive agreement over disputes that have festered for years.

While the accord reached in Erbil on 13 November is...