KRG delegation to visit Baghdad this week for talks on financial matters

Logos of KRG and Iraqi government

SULAIMANI (ESTA) — A delegation from the Kurdistan Regional Government (KRG) is expected to pay a visit to Baghdad this week for talks on financial entitlements, Esta Media Network has learned.

The delegation is expected to discuss the financial matters between the KRG and the Federal Government, according to information Esta Media Network has obtained.

The delegation will also hold talks with senior Iraqi officials, aiming to discuss and implement an agreement between the Kurdish, Sunni, and Shiite parties regarding the same matter.

A senior Kurdish official from the KRG earlier said that the visit will touch upon preparing a joint bill as well between both governments to settle the financial issues.

The relations between the KRG and the Federal Government have been rocky since the Region developed its own oil and gas resources independently of the federal government.

The Region’s massive untapped oil reserves, lucrative production-sharing contracts and safe environment have prompted international oil companies over recent years to commit to investing billions of dollars there.

However, the Federal government has largely protested against that move by the KRG, showing tough stances several times by issuing decisions against the Region as well as cutting its monthly share in the country’s budget.

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