SULAIMANI (ESTA) — Iraq will use new criteria to calculate Kurdistan Region’s share of oil exports delivered to the federal government, oil minister Ihsan Abdul Jabbar said on Tuesday.
“Last year there were small sums of money paid to the Region but this year there will be other criteria to calculate the Region’s share,” Abdul Jabbar said, according to the state news agency.
The federal government is “working on them,” he added.
The Kurdistan Regional Government (KRG) has been developing oil and gas resources independently of the federal government, and in 2007 enacted its own law that established the directives by which the region would administer them.
