Iraq ’s Kurds announced a partial agreement on oil exports with the country’s federal government, in which the semi-autonomous region’s oil will be exchanged for revenues from the administration in Baghdad. The Kurdistan Regional Government placed 150,000 barrels a day of crude at the disposal of the central government, according to a statement on the KRG’s website today. In return, the Federal government will transfer $500 million to the KRG. Kurdish Prime Minister Nechirvan Barzani will lead a delegation to Baghdad in the coming days for further talks, it said. “We hope that the next meeting will bring positive results to both sides,” Safeen Dizayee, a Kurdistan government spokesman, said by phone. The oil “will be made available to Baghdad and as far as sale, marketing and how the funds will be handled will be Baghdad’s responsibility.” The Kurds’ efforts to sell crude separately from the central government have […]