Nechirvan Barzani and Al-Halbousi: Delaying the implementation of the oil agreement between Erbil and Baghdad will have a negative impact on Iraq’s revenues
Nechirvan Barzani and Al-Halbousi: Delaying the implementation of the oil agreement between Erbil and Baghdad will have a negative impact on Iraq’s revenues
2023-04-08 05:15
Shafaq News/ The President of the Kurdistan Region, Nechirvan Barzani, and the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, agreed today, Saturday, that delaying the implementation of the agreement between Erbil and Baghdad to resume exporting Kurdistan’s oil will have a negative impact on the country’s public revenues.
This came during a meeting between President Nechirvan Barzani and Al-Halbousi in the capital, Baghdad, according to a statement issued by the region’s presidency.
The statement stated that during the meeting, views were exchanged on the draft budget law, which is now in the House of Representatives for a vote, as the two sides agreed on the importance of issuing this law and its influential role in reviving the economic situation and resuming work and projects.
The statement added that in another axis of the meeting, the agreement between the federal government and the Kurdistan Regional Government was discussed, stressing the importance of its implementation.
As the two sides pointed out, the importance of not implementing this agreement will negatively affect the public revenues of Iraq.
Last Tuesday, the federal government and the regional government signed a temporary agreement between the Federal Ministry of Oil and the Ministry of Natural Resources in the regional government, according to which the export of crude oil abroad from Kurdistan and Kirkuk Governorate will resume after it was suspended by the International Arbitration Tribunal in Paris.
shafaq.com
