IRAQ

Iraq has been unable to pay the KRG 17% of federal spending as per a December accord because it has no cash, says KRG Prime Minister Masoud Barzani. Erbil will, for now, honor the accord to supply its own crude for marketing by Iraq’s state marketer SOMO, but will not do so indefinitely, he says.

Obviously, we have an agreement with a bankrupt country,” Mr Barzani told reporters on 16 February after talks in Baghdad with Iraqi officials to try to resolve outstanding issues...