U.S. welcomes oil deal between Iraqi Kurdistan and Baghdad

November 22, 2014 10:05 AM

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ISTANBUL (Reuters) - U.S. Vice President Joe Biden welcomed an agreement between Iraq's central government and its northern Kurdistan region over the management of oil exports, a step forward in a feud that has threatened the unity of Iraq.

After years of friction, the two sides last week struck a deal in which Kurds will give half of their overall oil shipments to the federal government and Baghdad will pay overdue civil servants' salaries in the region.

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