Iraq's new oil deal is a big mistake

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Iraq's new oil deal is a big mistake
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'There will be no stability in Iraq if the United States encourages corruption over good governance or partners with any party, family, or individual who believes their path to power is through Iraq’s failure rather than success.' -mrubin1971

Iraqi Kurdish oil stopped flowing through Turkish pipelines last month after international arbitrators ruled that Turkey violated a 1973 treaty by exporting Kurdish oil without first securing Baghdad’s permission. The judges awarded Baghdad $1.5 billion-plus interest, just for the period between 2014 and 2018. The court will announce subsequent awards in the coming days.

Rather than work for Iraq’s stability, the Barzani family has undercut it in the belief that they will then become indispensable to the West. It is a profitable extortion scheme. Today, the Pentagon pays Barzani a quarter billion dollars annually to subsidize the militia he uses to prey upon the public.

The State Department errs by encouraging the resumption of oil exports through Turkey at the expense of genuine reform. Texas-based HKN lobbied for the resumption, saying to do otherwise would be to empower American enemies, but it omitted what Kurdish officials say are current efforts to sell some of their interests to companies unconcerned by such considerations.

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