Kurdish oil deal with Baghdad unravels as tensions rise

March 13, 2015 2:16 PM

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Kurdish oil deal with Baghdad unravels as tensions rise

ARBIL/LONDON (Reuters) - A four-month-old oil deal between Iraq and the semi-autonomous Kurdistan region is close to unraveling after payments from Baghdad dried up, prompting Arbil to threaten to sue buyers and ramp up independent oil exports.

The dispute highlights fundamental differences between the two sides over who controls oil resources and revenues and will reinforce the views of many Iraqi watchers that Kurdistan would seek bigger if not full independence from Baghdad one day.

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