Iraq: Arbil, Baghdad Nearing Deal On Oil Dispute

February 6, 2014 | 1410 GMT

The Iraqi government and the Kurdistan Regional Government are nearing a resolution to their dispute over oil revenue sharing, Genel Energy President Mehmet Sepil said, Reuters reported Feb. 6. Sepil said the sides still need to determine whether oil sales will be done by Baghdad’s oil market company or Arbil’s, which bank account will receive deposits and how to handle oil payments owed to companies operating in the Iraqi Kurdistan region.