Kurds say deal reached with Baghdad over oil, salaries

November 13, 2014 10:52 PM

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Iraq's autonomous region of Kurdistan said Thursday it had reached a breakthrough deal with Baghdad in a long-standing dispute over oil sales and salary payments.

The Kurdistan Regional Government (KRG) said Baghdad had agreed to a $500 million payment in exchange for the transfer of 150,000 barrels of Kurdish oil per day to the federal government.

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