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Iraq Controls Kurdish Oil Exports Under New Accord, Luaibi Says

Iraq’s self-ruling Kurds agreed to let the central government in Baghdad control the amount and quality of crude they export as well as manage revenue from its sale, Iraqi Oil Minister Abdul Kareem al-Luaibi said.

The Kurdistan Regional Government will export oil using a metering system operated by the Oil Ministry in Baghdad, Luaibi told a news conference yesterday in Vienna. The Kurds also agreed to put money earned from the sale of oil from Kurdish fields into a UN-administered account for Iraq’s earnings from crude, he said.