Iraqi Kurdistan Braces for Oil Exports

The president of Iraq's semi-autonomous Kurdish region says that it could resume oil exports as soon as a new federal government is formed in Iraq.

Massoud Barzani says his Kurdish Democratic Party is in talks with Baghdad to form a new government that "doesn't exclude any party."

He says that oil-rich Kurdistan has resolved most of its oil revenue disputes with the central government. Barzani says Baghdad also agrees to deals the Kurds signed directly with international oil firms.

Barzani said Tuesday during a visit to Paris that "We're ready, everything is ready" for oil shipments to resume.

He says there is no precise deadline "but it's possible that we'll begin right after the formation of the new government."

( Business Week )

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