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flag Iraq approves $16 per barrel payment to oil firms in Kurdistan to resume halted exports.

flag Iraqi Parliament has approved a plan to pay $16 per barrel to oil companies in Kurdistan, aiming to resume oil exports halted for nearly two years. flag The payment rate, though $10 less than current rates, is up from $6 and could help settle disputes costing Iraq about $37.5 million daily. flag The move is seen as a step towards resolving financial issues and could aid the Kurdistan Region's economy.

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