Iraqi Kurdistan suspends oil exports over payment row December 25, 2012 - 14:26 AMT PanARMENIAN.Net - An Iraqi Kurdish official says the country's self-ruled northern Kurdish region has suspended oil exports over a payment row with the central government in Baghdad, according to The Associated Press. Ali Hussein Balo, adviser to the Kurdish Ministry of Natural Resources, said Tuesday, Dec 25, Baghdad failed to fulfill its commitment to pay the full 1 trillion Iraqi dinars (about $848 million) to companies working in the region. Balo said it only paid 650 billion Iraqi dinars (about $550 million). In April, the Kurds stopped the exports of around 100,000 barrels a day due to delays in payments. Four months later, the exports resumed. That allowed the two sides to reach a new agreement on payment. Baghdad says the payment suspension was because the Kurds were pumping less than the 200,000 barrels a day they pledged.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
