A Kurdish Regional Government said the autonomous region received $243
million from Baghdad in the first payment of an oil revenue agreement
reached in 2010. The agreement called for Baghdad to sell Kurdish oil and
transfer about half of the revenues to the north.
A KRG statement said the first payment was for sales from the export of
more than five million barrels of oil in February and March.
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been assigned responsibility to pay foreign and local companies involved
in oil exploration, development and production.
Companies from Norway and other countries have been searching for oil
and natural gas in the Kurdish zone. KRG and Baghdad have been disputing
control over energy reserves in the Kirkuk area.