Al-Sudani: We agreed with Erbil to deposit all oil revenues in one account
Al-Sudani: We agreed with Erbil to deposit all oil revenues in one account
3-13-2023
Information / Baghdad..
Prime Minister Muhammad Shia al-Sudani determined, on Monday, the percentage of the Kurdistan region in the tripartite budget, referring to understandings with Erbil regarding oil revenues.
“The reasons for the delay in approving the budget was the understanding with the Kurdistan region,” Al-Sudani said in a press conference, followed by Al-Malooma, adding, “We reached a comprehensive agreement on the outstanding issues between Baghdad and Erbil.”
And he warned that “for the first time, the total revenues of the oil produced in the region are deposited in a bank account in which it is deposited and is subject to federal administration, and in the event of any differences between Baghdad and Erbil, there is a committee that submits its recommendations to the federal prime minister.”
He pointed out that “the share of the Kurdistan region in the budget amounts to 12.6%,” stressing that “these understandings between Baghdad and Erbil confirm the two parties’ progress towards approving the oil and gas law.”
almaalomah.me
