The Central Iraqi Government and Kurdish Regional Government have reached a final agreement over the share of oil and budget Tuesday, according to Kurdish officials.
A final agreement was made Tuesday after Iraqi and Kurdish officials held three days of talks in Baghdad.
According to the agreement, the Baghdad government will allocate a 17 percent share out of Iraq's budget to the Kurdish Regional Government on a monthly basis, and the Kurdish Regional Government will transfer 250 thousand barrels of oil daily from its own production to the Iraqi oil ministry.
The Central Iraqi government and Kurdish Regional Governments had disagreements over the sale of Kurdish oil and the share of oil revenues when the Kurdish Regional government began selling oil independently from the central government via the Turkish port of Ceyhan.
