KRG waiting for the arrival of 167 billion dinars from Baghdad

by **Ponee** Tue Jul 28, 2015 9:55 am

Arbil -arac Press -28 July: waiting for the Kurdistan Regional Government that the Iraqi government is sending about 167 billion dinars, the region's share of the financial budget for the month of June.

The central bank said the head of the Kurdistan region, Adham Karim, told reporters on Tuesday that "Baghdad has decided to send 166 billion and 771 million dinars a share of the provincial financial budget for the month of June."

The Kurdistan region, according to a statement the Iraqi Oil Ministry, the export of 4.0009 million barrels of oil for the benefit of the Iraqi oil marketing company SOMO in June.

Adham explained that the source of oil revenues of $ 285 million, but Baghdad will send half of the amount received from the sale of oil in the month of June.

He added that this amount of money will reach the central bank in the region soon, due to the creation of a private jet to transfer the money by the Central Bank of Iraq.

, This announcement comes after a visit conducted by Oil Minister Adel Abdul-Mahdi to Kurdistan, where he met the region's president, Massoud Barzani, where the two sides stressed the need to overcome the crisis between Baghdad and Erbil.

The Iraqi government says it is committed to the oil agreement with the provincial government, but Kurds blame the government Abadi as the defaulting party in the implementation of the agreement.

It is noted that the identification of three million and 500 thousand barrels per day export within the budget year 2015, an estimated price is $ 56 per barrel, against the backdrop of a sharp drop in global oil prices since the year ended 2014.

2015-07-28

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