PSAs honored says Hawrami So far, the patchy and insufficient payments handed out by Baghdad only reimbursed companies producing in Kurdistan for operating costs and not for a share of profits as determined in the production sharing agreements (PSAs) struck with the Kurdish government.
This is expected to change next year as the central government appears to have implicitly endorsed the Kurdish contracts.
"They will be paid according to the contracts now," said Mr Hawrami.
https://www.thenational.ae/business/energy/oil-deal-between-baghdad-and-erbil-could-spell-big-windfall