Kurdistan Oil Politics

Iraqi Government and Kurds Reach Deal to Share Oil Revenues

BAGHDAD — The Iraqi government agreed Tuesday to a long-term accord with the autonomous Kurdish region to share the country’s oil wealth and military resources in a far-reaching deal that helps reunite the country in the face of a bitter war with Islamic extremists.

The deal settles a long dispute between Baghdad and Erbil, the Kurdish capital in the north, over oil revenue and budget payments. It is also likely to halt a drive — at least in the short term — by the Kurds for an independent state, which appeared imminent this summer after a violent territory grab by the Islamic State, also known as ISIS or ISIL.

[Read more at NYTimes]

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