SULAIMANI (ESTA) — A delegation from the Kurdistan Region will head to Baghdad in the coming days for more talks on an agreement reached between the regional government and the central government about the Region’s share of the federal budget, according to an official.
Yousif Goran, adviser to the deputy prime minister, said the Council of Ministers would set a date for a technical delegation to visit Baghdad during its meeting on Wednesday.
“The delegation might visit Baghdad at the end of this week or early next week regarding the implementation of the agreement between the Region and Baghdad,” Goran told Esta media Network on Monday.
It is still unclear who will lead the delegation, he said.
The Iraqi parliament approved the federal budget of 130 trillion Iraqi dinars ($89.65 billion) on March 31.
After months of wrangling, the Kurdistan Regional Government (KRG) and the central government reached an agreement on thorny issues, including oil and non-oil revenues.
Under the 2021 budget law, the Kurdistan Region will be committed to produce 460,000 barrels of oil per day (bpd).
After deducting expenses for production operations in the Region, transport of oil and the domestic consumption of crude oil, the KRG must hand over to Baghdad revenues generated from regional oil exports of 250,000 bpd, according to Iraq’s SOMO pricing, as well as 50 percent of non-oil revenue.
The Kurdistan Region, in return, will receive its share of the budget.
