The dispute between Erbil and Baghdad, fueled by independent Kurdish oil exports through Turkey, is on the way towards a solution as Erbil helps Baghdad sell Kirkuk oil
Yildiz says $2 billion in oil exported so far; expresses concern for Russian gas import decline in Turkey.
Iraqi and Kurdish region leaders express 'optimism' for overcoming oil dispute between Baghdad and Erbil
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.
Kurdish Regional Government's oil exports have increased by 60 percent since August, according to the government's ministry.
Chemicals firm LyondellBasell has emerged as the mystery American buyer of Kurdish crude oil this year, but said it will not be buying any more
Washington has pressured companies and governments not to buy crude from the Kurdish Regional Government (KRG), but it has stopped short of banning U.S. firms from buying it outright.
KRG said buyers of Iraqi oil were complicit in violating the constitution because the Baghdad central government has cut the region's 17 percent entitlement of the national budget.
Baghdad would sue the Turkish government and Turkish pipeline state owned operator Botas for facilitating the sale of crude from the Kurdish region without the central government's consent
"A tanker loaded with over one million barrels of crude oil departed last night from Ceyhan towards Europe," read the KRG statement
The first parcel of 2 million barrels of oil will be sold via a tender, KRG's Ministry of Natural Resources said.