Sunday, September 2, 2012

Kurdistan slowed Baghdad two weeks to pay for oil companies

Sunday, 02 September



Announced the Kurdistan Region, it will continue to Dh oil exports until September 15 in the extension of the deadline granted by the federal government to disputed payments to companies operating in the region.

The Kurdistan region warned that stop oil shipments will resume at the beginning of this month, due to payments But exporters Kordian said that the region decided to give Baghdad more time for the completion of payment procedures.

A source at the Ministry of Natural Resources, "we have decided to extend the deadline so that pump crude to 15 September as a gesture of goodwill."

He said in a statement carried by Reuters that the deadline aims "to give Baghdad more time to solve the problem of payment."

The extension refers to easing tensions in the dispute between Baghdad and the Kurdistan on oil and land rights and power-sharing.

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