Iraq’s Kurdistan Regional Government (KRG) seems determined to make an oil export and revenue sharing deal with Baghdad work, even though the flow of federal funds to Erbil has so far been short of the commitment made by the Iraqi government as per the 2015 budget.

The KRG says it is on schedule with implementation of its oil export deal with Baghdad, having supplied almost 97% of the 250,000 b/d of Kurdish oil it promised to hand over to Iraq’s state marketing organization SOMO by the end of February. (CONTINUED - 1792 WORDS)