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The interim agreement reached between Iraq's federal government and Kurdistan Regional Government means the Kurdistan region will receive 17% of the federal budget in return for a share of oil exports. Operators in the region should now benefit from regular payments for oil exports, and by increases in production for those with excess capacity. However, investors will remain wary, as there is no guarantee that this interim agreement will lead to a long-term resolution.
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This Upstream Oil and Gas Inform report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Inform | Dec 2014
Agreement reached on Kurdistan's oil exports
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