World Bulletin/News Desk
Our goal is to export half a million barrels of oil every day to the global markets by the end of the year, Nechirvan Barzani, head of the Kurdish Regional Government, said Wednesday.
"We are open to dialog and negotiations with Baghdad but we want 17 percent from the Iraqi budget. Baghdad acted unconstitutionally by cutting our share of the governmental budget. Oil sales are transparent and appropriate according to the constitution," Barzani told the regional parliament, adding that, "we can’t wait forever for a deal from Baghdad. We can sell our oil."
Baghdad filed a lawsuit against Ankara, after Kurdish oil was sold and transported through Turkey. The selling of the oil bypasses Iraq's national State Oil Marketing Company and violates the country’s constitution, Baghdad claims.
The oil has been sitting in the southeastern Turkish port of Ceyhan for the last six months, while Irbil and Baghdad negotiated an agreement for the oil sales.
The regional Kurdish government, however, says that Baghdad cut their share of the revenues from the national budget and that they are determined to export oil via Turkey in order to compensate for the loss, claiming to do so is a unequivocal constitutional right and in line with 2007's Iraq oil law.
Iraq holds the world's fifth largest known oil reserves with 143 billion barrels.
Child labor becomes increasingly common in Syria due to the deepening of the crisis
The death toll in attacks carried out by ISIL in North Sinai rose to 50 on Wednesday, security sources said.
Border clashes between Pakistani and Afghan security forces resulted into death of a policeman
Israel says around 40 Hamas member were detained around the city of Nablus in recent months
Security sources and witnesses said two explosions heard in Egypt's Rafah, Gaza border province.
The report prepared by UN over Gaza may be used as evidence of war crimes by Israel
The US has said that despite the challenges of Turkey, a buffer zone will not be supported.
A report by the UN has revealed that more than 135,000 asylum seekers have sought refuge in the EU in the first half of 2015.
According to Syrian Kurdish rebels they successfully re-took Tel Abyad after defeating ISIL
Staffan de Mistura will brief Ban Ki-moon next week on the current peace prospects in Syria
Attacks on military checkpoints in North Sinai leave at least 30 soldiers killed
A gunfight between Resistance Brigade and locals taken place in Saadiyat Tuesday night
Around 1,200 prisoners escaped during clashes at a jail in central Yemen on Tuesday,
UN Secretary General Ban Ki-moon aims to end the bloodshed in Syria already.
U.S. State Department says deadline for completion of negotiations put back to July 7.
Escalating violence in Yemen has devastated the country's health system and exposed millions of children to the threat of preventable diseases including measles, pneumonia and diarrhoea, UNICEF said.