Kurdistan Regional Government's Natural Resources Ministry announced Tuesday that 97 percent of the total oil amount as agreed on Dec. 2 with the central government in Baghdad has been exported.
The Ministry's press release said the KRG has stuck to the agreement with the central government in Baghdad as 97 percent of the agreed oil amounting to 550 thousand barrels was sent to Turkey's Ceyhan oil terminal.
"The KRG expects the central government to adhere to the agreement by sending the allocated money from the KRG's budget and by paying the allocation to the Peshmerga," the press release said referring to the Peshmerga, the KRG's local Kurdish military forces.
The Ministry also announced that it is essential to adhere to the agreement. Additionally, the Ministry said that the increase in oil production and the transfer will rebound the effects of the economic crisis in Iraq.
According to the agreement reached by both parties on Dec. 2, the KRG was to export 250,000 barrels of oil per day and the Kirkuk province was to provide 300,000 barrels per day under the central government’s supervision.
In return, the central government was to provide 17 percent of its national budget to Erbil, the seat of the KRG.
Reporting by Muhammet Kursun, Writing by Muhsin Baris Tiryakioglu