Economics
Baghdad makes $455mn budget payment to Kurds for March
Iraq's Kurdistan region received a $455mn budget payment from Baghdad for March, proof the national government honours a deal over the Kurds' oil policies, the country's finance minister said on Thursday. Baghdad cut the budget payments in January 2014 over the semi-autonomous region's plans to export its oil through Turkey but reinstated them in December after the Kurds agreed to export an average of 550K bpd from Ceyhan via Iraq's State Oil Marketing Organisation (SOMO) in 2015. (Zawya)
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