Baghdad, Kurdistan move closer to deal over oil exports, Genel CFO says


The governments in Baghdad and Iraqi Kurdistan are moving closer to an agreement over sharing oil revenues from exports, according to the CFO of Kurdistan-focused Genel Energy (GEGYF).

An agreement would mark a breakthrough in a long-standing dispute between the two governments over control of the region's oil.

Without a deal, Genel may struggle to increase exports this year beyond the 70K bbl/day peak transported via road trucks to Turkey's Mediterranean port of Ceyhan, where a new and controversial pipeline linking Kurdistan to Turkey terminates.

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