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Council of Ministers Decides to Approve Oil Agreement between Federal Government and Kurdistan Regional Government






December 2  2014

In today’s session, the Council of Ministers decided to approve the agreement between the federal government and the Kurdistan Regional Government by the Prime Minister of the Federal Government Dr. Haider Al Abadi and the Prime Minister of the Kurdistan Regional Government, Mr. Nechirvan Barzani, which states that Iraqi oil belongs to all Iraqis, and the Kurdistan Region will provide at least 250 thousand barrels of oil per day to the federal government for the purpose of export.

The agreement also includes exporting 300 thousand barrels per day by the federal Government from the Kirkuk oil fields through the oil pipeline in the province of Kurdistan.

It has also been agreed to allocate a proportion of the financial allocations of the federal land forces of the Iraqi army to the Peshmerga forces according to the population ratio as part of the Iraqi security system.