News from KT:
Iraqi Energy Minister Hussain Shahristani has announced plans to cut the Kurdistan Regional Government’s (KRG) budget from central government in response to the announcement by its advisors that the KRG is exporting crude oil to Turkey.
Turkey is importing the crude oil from the Kurdistan Region because it can no longer do so from Iran, due to international sanctions. According to the Turkish Sunday Zaman, supplies of Iranian oil due for delivery to Turkey have been held up in Egypt.
Shahristani told an Iraqi news agency that 17 per cent of the Iraqi budget goes to the KRG and the central government now plans to deduct from this the value of the KRG’s oil export income.
However, Iraqi MP Mr Alsamary told the Alfurat news agency that the KRG has the right to export as much oil as it likes because the central government has failed to reach an agreement with the Kurdistan Region.
To date the KRG has not responded to Shahristani’s comment.