Popular News From Popular Sites: Kurds threaten legal action against Iraq oil buyers

Wednesday, July 9, 2014

Kurds threaten legal action against Iraq oil buyers

A worker walks on an oil pipeline at Khurmala oilfield on the outskirts of the city of Arbil, in Iraq's Kurdistan region Iraqi Kurdistan threatened on Wednesday to take legal action against buyers of the country's oil unless the autonomous region is paid its share of revenue from any sales. The Kurdistan Regional Government (KRG) said buyers of Iraqi oil were complicit in violating the constitution because the Baghdad central government has cut the region's 17 percent entitlement of the national budget. It is unclear whether the threat will influence major buyers of Iraqi crude, but it nevertheless illustrates the KRG's increasingly assertive stance in a long-running dispute with Baghdad over control of its natural resources.




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