Iraq ’s self-ruling Kurds agreed to let the central government in Baghdad control the amount and quality of crude they export as well as manage revenue from its sale, Iraqi Oil Minister Abdul Kareem al-Luaibi said. The Kurdistan Regional Government will export oil using a metering system operated by the Oil Ministry in Baghdad, Luaibi told a news conference yesterday in Vienna. The Kurds also agreed to put money earned from the sale of oil from Kurdish fields into a UN-administered account for Iraq’s earnings from crude, he said. The agreement may herald an end to years of confrontation between Iraq’s Kurds and the central government. It may lead to a formal accord this month under which Kurdish authorities resume oil shipments via Iraq’s government-run export pipeline to neighboring Turkey , Luaibi said. The KRG halted the flow last December in a dispute with the central government over how […]