Iraq Threatens to Cut Revenue to Kurds Over Oil Pipeline
This article is for subscribers only.
Iraq threatened to cut oil revenue to the Kurdish north in a deepening standoff over a new export pipeline that companies from DNO International ASA to Genel Energy Plc plan to use to ship crude from the region.
The government in Baghdad may refuse to give the 17 percent of annual earnings from oil sales allocated to the semi-autonomous Kurdish provinces if they bypass central authorities and start operating a link through Turkey by year-end, Hussain al-Shahristani, deputy prime minister for energy affairs, said in an interview in Dubai yesterday.