Iraqi Kurdistan to send 550,000 barrels of oil to Turkey

Iraqi Minister for Finances Hoshyar Zibari said that Iraqi Kurdistan will be supplying Turkey with 300,000 barrels of oil from Kirkuk and 250,000 from its territory, according to an agreement reached and approved by the Iraqi government today, TASS reports.

The oil will be shipped to Port Ceyhan in Turkey. 17% of the federal budget will be transferred to Erbil to pay functionaries.