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Kurdistan Region: We are ready to deposit financial revenues from oil in the treasury of the Iraqi state

The Kurdistan Regional Government on Wednesday reiterated its willingness to hand over oil and the financial revenues accruing from it to the Federal Government in accordance with the agreement concluded between the two sides at the end of 2019, stressing that the Kurdistan Regional Government has a “significant deficit” in revenue due to the outbreak of the Corona virus.

Government spokesman Gutiar Adel said in a press conference held today and attended by Shafaq News correspondent after the meeting of the regional cabinet with the government delegation negotiating for Baghdad, that the meeting was under the direct supervision of Prime Minister Masroor Barzani, and his deputy, Qubad Talabani, and discussed three axes, the first of which is: the financial and economic situation in the region The solutions and policies to be taken by the government and measures to mitigate the consequences of the Corona virus were discussed.

He added that the region’s government will do its utmost to secure salaries, without doubt, as the financial and economic situation of Kurdistan differs from that before the outbreak of the Corona virus, and this matter is not specific to Iraq or the region, but rather includes the entire world.

He explained that the second axis of the meetings discussed the community discussions with Baghdad to resolve the differences and outstanding issues. Fortunately, the dialogues will continue as we emphasized the financial dues for the Kurdistan Region, “adding,” We affirm that we are ready and within the framework of the agreement concluded in 2019 to deliver oil.”

He added, “We are also committed to handing over the financial revenues accruing from oil sales and depositing them in the treasury of the Iraqi state,” noting that the delegation of the Kurdistan Regional Government will visit Baghdad again, but he did not specify a date for that.

He noted that “we have a large import deficit, and we are ready to deliver 250,000 barrels of oil production per day to the federal government,” noting that the provincial government will distribute salaries to employees and workers in the private sector as the funds are available. Source