KRG - 02

Iraq: Baghdad-KRG Relations – Getting From Goodwill Gesture to a Full Deal

Both Baghdad and the Kurdistan Regional Government (KRG) worked rapidly to uphold their 13 November agreement pledging delivery of $500mn for provision of 150,000 bpd of Kurdish oil to the State Oil Marketing Organization (SOMO) for the remainder of November 2014. The initiative is a return to the “goodwill gesture” crafted by KRG Prime Minister Nechirvan Barzani in the spring: a simple exchange of concessions that demonstrates a willingness to work together without either party compromising on their longstanding legal or political positions.


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