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Shafaq News / On Wednesday, the Parliamentary Finance Committee will hold a meeting in the presence of government officials to resolve the issue of Kurdistan Region oil exports in the country’s financial budget for the current year.
The Shafaq News Agency correspondent reported, “The Parliamentary Finance Committee started its 39th meeting to resume its discussions on the draft federal budget bill.”
The meeting was held in the presence of Minister of Oil Ihsan Abdul-Jabbar, and Director of the Iraqi Oil Marketing Company “SOMO” owned by Baghdad, Alaa Al-Yasiri, to settle the issue of the region’s oil exports in the budget.
Sources had revealed, on Tuesday, to Shafaq News Agency that the Shiite blocs had raised their demands by informing the Kurdish delegation to hand over the revenues of 500 thousand barrels per day to the federal government instead of 250 thousand barrels per day, in exchange for the region receiving its full share of the budget without any shortage.
This requirement contradicts the agreement reached by Baghdad and Erbil, which stipulates handing over the region revenues of 250 thousand barrels per day and half of the other revenues from border crossings and others, in exchange for a share estimated at 12.6 percent of the budget in addition to the payment of salaries of the Peshmerga forces.
The agreement was included in the draft budget approved by the Iraqi government and sent to Parliament for approval, but the regional government delegation returned to Baghdad again to persuade the political blocs in Parliament to pass the region’s share.
The regional government says it exports 250 thousand barrels per day of oil produced from its fields, and the remainder goes to domestic consumption, which makes it unable to meet the new demands of the Shiite blocs, which could lead to the collapse of the talks.
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[You must be registered and logged in to see this image.]
Shafaq News / On Wednesday, the Parliamentary Finance Committee will hold a meeting in the presence of government officials to resolve the issue of Kurdistan Region oil exports in the country’s financial budget for the current year.
The Shafaq News Agency correspondent reported, “The Parliamentary Finance Committee started its 39th meeting to resume its discussions on the draft federal budget bill.”
The meeting was held in the presence of Minister of Oil Ihsan Abdul-Jabbar, and Director of the Iraqi Oil Marketing Company “SOMO” owned by Baghdad, Alaa Al-Yasiri, to settle the issue of the region’s oil exports in the budget.
Sources had revealed, on Tuesday, to Shafaq News Agency that the Shiite blocs had raised their demands by informing the Kurdish delegation to hand over the revenues of 500 thousand barrels per day to the federal government instead of 250 thousand barrels per day, in exchange for the region receiving its full share of the budget without any shortage.
This requirement contradicts the agreement reached by Baghdad and Erbil, which stipulates handing over the region revenues of 250 thousand barrels per day and half of the other revenues from border crossings and others, in exchange for a share estimated at 12.6 percent of the budget in addition to the payment of salaries of the Peshmerga forces.
The agreement was included in the draft budget approved by the Iraqi government and sent to Parliament for approval, but the regional government delegation returned to Baghdad again to persuade the political blocs in Parliament to pass the region’s share.
The regional government says it exports 250 thousand barrels per day of oil produced from its fields, and the remainder goes to domestic consumption, which makes it unable to meet the new demands of the Shiite blocs, which could lead to the collapse of the talks.
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