The leaders of Iraq's central government and its autonomous Kurdish region edged closer to an agreement on oil revenues, with both parties signing a new deal. The deal – if implemented – will increase Kurdistan’s oil exports and re-start Baghdad’s payment to contractors. "An agreement was made in principle to pay the entitlements" to the companies producing oil under contracts awarded by the Kurdistan Regional Government, an official who was in the meeting said. More from Iraq Oil Report The Lebanese government invited international firms to bid for the construction of a 60-megawatt wind farm, Energy Minister Gebran Bassil announced. “It would be possible to produce wind energy and sell it to Electricite du Liban after the conclusion of the tender, which awaits approval by the Cabinet,” Bassil said during the opening of the Beirut Energy Forum. The minister said the tender would allow the production of cheaper electricity cheaper.
