November 18 (SeeNews) - Turkey has proposed to hold the money it pays for oil imports from Iraqi Kurdistan in an escrow account with a Turkish state bank, leaving it to the regional government and the central government in Baghdad to decide how to share the revenues, local media reported on Monday.
Baghdad and Kurdistan disagree about the distribution of revenues from oil exports from the semi-autonomous region in the north of the country.
Turkey's energy minister Taner Yildiz told journalists that with this proposal the country aims to counter the concerns of Iraq's central government, daily Today's Zaman reported on Monday.