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.
Russian UN envoy confirms suspension of airstrikes will continue until Monday if 'armed groups' hold their fire
Move comes four days after Syrian intelligence chief meets Egyptian officials in Cairo
Syrian opposition fighter says liberation of Jarabulus sparked wave of new faces joining anti-ISIL militia
In Jerusalem, meanwhile, extremist Jewish settlers converge on Al-Aqsa in hundreds
The air strikes late Thursday targeted positions of the Iran-backed Huthi insurgents at Jebel al-Nabishuaib, on the southwestern outskirts of rebel-held Sanaa, according to witnesses.
The UN hopes to carry out the wounded from Aleppo during a pause in fighting
Travel agents have urged the Saudi government not to raise the Saudi visa fees which is having a detrimental impact on business ties
Three-day UN-backed ceasefire went into effect midnight Wednesday
The eight-strong group was the biggest deployment of Russian naval assets seen off British shores in recent years, a Royal Navy spokesman said
We love to see the children so happy, says one journalist of the city, liberated by Turkey's Operation Euphrates Shield
Shop reportedly printed banners depicting perpetrator of recent shooting attack
Gunfire and artillery exchanges erupted around a crossing point near the rebel-controlled Bustan al-Qasr district shortly after the pause began.
There has also been speculation he could give a speech before leaving office in January that would do the same.
Children are usually the most who suffer in war with the current refugee crisis considered to be one of the largest humanitarian crisis experienced in history
Three-day truce between Yemen’s warring parties to go into effect midnight Wednesday
Orhan Buyruk was arrested late last month at Ben Gurion Airport for suspected 'spying'