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Kurdistan Region.. The first meeting of the Regional Council for Oil and Gas Affairs was held
Shafaq News/ The President of Kurdistan Regional Government and Chairman of the Regional Council for Oil and Gas Affairs, Masrour Barzani, on Thursday, June 30, 2022, supervised the first meeting of the Regional Council for Oil and Gas Affairs after amending the Oil and Gas Law.
At the meeting, which was attended by the Deputy Prime Minister and Deputy Chairman of the Regional Council for Oil and Gas Affairs Qubad Talabani, they discussed oil revenues and expenditures for the first six months of 2022.
In the first paragraph of the meeting, the general revenues obtained from the export and sale of oil were presented, which include the total oil produced, exported and consumed locally, in addition to the average price of a barrel of oil sold during this period.
After that, it was discussed how the revenues were spent in financing the salaries of the six months of this year, as the Kurdistan Regional Government provided the necessary funds from oil revenues to fully finance salaries for six months of 2022, while the federal government should have sent one trillion and 200 billion dinars. During the first six months of 2022, however, it sent only two months' worth of 400 billion dinars, while the KRG provided salaries monthly from oil and internal revenues, and distributed salaries each month.
The meeting also discussed other government expenditures, except for salary expenditures obtained from oil revenues in the first six months of 2022, and it was decided that the Deloitte report, enhanced by statistics, information and figures, would be presented to public opinion next week. The meeting also stressed the need to enhance transparency in this direction, as The region provides the federal government with all information and figures, and it does so even for public opinion in the region, Iraq and abroad, and will continue to do so, especially since the recent report of the joint team of the Financial Supervision Bureaus of the region and Baghdad regarding the audit of revenues, expenditures, debts and staffing, is evidence of this fact.
The second period of the meeting dealt with the latest developments regarding the relationship between the Kurdistan Regional Government and the federal government over the dispute over oil and gas, as well as the legal preparations made by the Kurdistan Regional Government, under the constitution, to confront the pressures of the federal government and the Federal Ministry of Oil. The meeting stressed the need to solve problems in accordance with the constitution, and reiterated the region's negotiating delegation's readiness to visit Baghdad in this regard.
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At the meeting, which was attended by the Deputy Prime Minister and Deputy Chairman of the Regional Council for Oil and Gas Affairs Qubad Talabani, they discussed oil revenues and expenditures for the first six months of 2022.
In the first paragraph of the meeting, the general revenues obtained from the export and sale of oil were presented, which include the total oil produced, exported and consumed locally, in addition to the average price of a barrel of oil sold during this period.
After that, it was discussed how the revenues were spent in financing the salaries of the six months of this year, as the Kurdistan Regional Government provided the necessary funds from oil revenues to fully finance salaries for six months of 2022, while the federal government should have sent one trillion and 200 billion dinars. During the first six months of 2022, however, it sent only two months' worth of 400 billion dinars, while the KRG provided salaries monthly from oil and internal revenues, and distributed salaries each month.
The meeting also discussed other government expenditures, except for salary expenditures obtained from oil revenues in the first six months of 2022, and it was decided that the Deloitte report, enhanced by statistics, information and figures, would be presented to public opinion next week. The meeting also stressed the need to enhance transparency in this direction, as The region provides the federal government with all information and figures, and it does so even for public opinion in the region, Iraq and abroad, and will continue to do so, especially since the recent report of the joint team of the Financial Supervision Bureaus of the region and Baghdad regarding the audit of revenues, expenditures, debts and staffing, is evidence of this fact.
The second period of the meeting dealt with the latest developments regarding the relationship between the Kurdistan Regional Government and the federal government over the dispute over oil and gas, as well as the legal preparations made by the Kurdistan Regional Government, under the constitution, to confront the pressures of the federal government and the Federal Ministry of Oil. The meeting stressed the need to solve problems in accordance with the constitution, and reiterated the region's negotiating delegation's readiness to visit Baghdad in this regard.
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