Iraq government, Kurds strike deal on budget, oil

December 2, 2014 12:26 PM

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Iraq's government and the autonomous Kurdish region on Tuesday announced an agreement on resolving their longstanding disputes over the budget and oil exports, boosting prospects of closer cooperation against jihadists.

Iraqi Prime Minister Haider al-Abadi's office said the deal was approved during a cabinet meeting also attended by Kurdish Prime Minister Nechirvan Barzani.

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