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Arbil has resoluted longstanding arbitration cases with energy firms to 2,3 billion USD. With this agreement, Erbil agrees to pay 1 billion USD to companies immediately. Where as remaining 1,3 billion USD will be paid by increasing the company share in agreement to 22% to 78% KRG share.

Prior to referendum, this has demonstrated Arbil's financial strength. However the situation might be deceptive.

Source; RUDAW