BAGHDAD (Reuters) - Iraq is seeking to postpone a final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait, Finance Minister Hoshiyar Zebari told Reuters, as it faces a cash crisis caused by falling oil prices and war with Islamic State. Since Iraq was first allowed to resume oil sales nearly two decades ago it has paid funds into a United Nations body
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Kurdistan Region will annually have more than $5 billion if exports reach 450k oil barrel Former Kurdish Parliament Member in Baghdad believes that the agreement between Erbil and Baghdad will enable Kurdistan Region to secure IQD 20 trillion. According to the agreement, between Kurdistan region and Iraqi central government, KRG will sell 250,000 oil barrels per day for the f
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Kurdistan Regional Government (KRG) Deputy Prime Minister pointed out that the Erbil–Baghdad agreement is only on the Iraq budget of 2015 and regarding the salary and budget of KRG for 2014, he mentioned that both Baghdad and Erbil Financial Watchdogs would meet in a near future make a decision about it, based on who owes the other and compensate them accordingly. On Wednesday
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Key Takeaway: There is an ongoing and intensified push by the Islamic State of Iraq and al-Sham (ISIS) in areas north of Baghdad and near Samarra. ISIS is clashing with the Iraqi Security Forces (ISF) and Iraqi Shi'a militias within the Popular Mobilization Units (PMUs) in areas close to Samarra in order to isolate the ISF and likely also to mount attacks on Samarra which is
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The recent Baghdad-Erbil oil deal has inspired optimism, but it avoids key details at the heart of big issues – control of territory and oil rights – on which neither side wants to compromise Leaders in Baghdad and Erbil are still far away from achieving a long-lasting resolution to Iraq's oil policy disputes, even though the tides of optimism have swelled in the past few week
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