IRAQ & KURDISTAN OIL
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.
In a speech in Istanbul on Saturday that touched on energy issues from Russia to Cyprus, Biden said he was encouraged to see a recent interim agreement between Baghdad and Arbil on managing exports and revenue sharing.
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…
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