Iraqi Kurdistan threatened on Wednesday to take legal action against buyers of the country's oil unless the auto**mous 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.
07-10-2014, 02:01 PM
Kurds threaten legal action against Iraq oil buyers
Iraqi Kurdistan threatened on Wednesday to take legal action against buyers of the country's oil unless the auto**mous 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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