Baghdad and Iraqi Kurdish regional authorities are making progress to rescue a deal over crude oil exports, after it nearly unravelled due to Kurdish threats to halt shipments in protest over lack of payment.
Nechirvan Barzani receieved the money during Turkey visit
The interim deal agreed this month restored the KRG's budget allocation in return for handing some Kurdish oil over to Baghdad.
2014 budget not yet passed; damage to the Kirkuk-Ceyhan pipeline prevents daily transfer of 300,000 barrels of oil from Kirkuk
The agreement is a positive step towards the security of the international energy supply and Turkey's cooperation with Iraq on energy issues, said the Turkish Foreign Ministry
UN decision previously ordered Iraqi government to pay $800 per family from petrol revenues per month
Iraq's government and Kurdish authorities agreed to export 300,000 barrels per day (bpd) of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey
Turkey receives oil from northern Iraq via pipeline and loads it onto tankers at its southern city of Ceyhan to be exported.
Yildiz says $2 billion in oil exported so far; expresses concern for Russian gas import decline in Turkey.
US Vice President Joe Biden has said Turkey is the only country which is expected to grow in the next decade in Europe
Prime Minister Davutoglu says Turkey regards security of Kurdish region as vital as its own.
Turkey stands as a guarantor for energy peace between Baghdad and Erbil, head of an international energy company says
Turkey's energy minister says policy of allowing Kurdish region oil sales contributed to normalization of Iraqi exports.
Agreement between Kurdish Regional Government and Iraq represents keystone for stability, says Turkish Energy Minister
Analysts say agreement between Iraqi government and Kurdish region raises too many questions.
Iraq’s federal government and the Kurdistan Regional Government have agreed to resolve the issues of budgetary cuts and oil exports.
An oil exploration and production company is to be founded for the Kurdish Regional Government
Kurdish Regional Government's oil exports have increased by 60 percent since August, according to the government's ministry.
A lack of expertise in extracting and refining oil means that most of ISIL's revenues come from direct sales to local businessmen, smugglers and profiteers and oil traders.
At least three Kurdish cargoes of 1 million barrels each have sailed from Ceyhan towards Asia in the past month
71-year-old former vice president Abdul-Mehdi does not have oil industry background, but may be conciliatory figure for Kurds