PM:10:16:16/03/2023
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SULAIMANI — The advisor to Iraqi Prime Minister Mohammed
Shia al-Sudani said the Kurdistan Region’s oil revenue will be supervised by
the federal government for the first time in 20 years.
Hisham al-Rikabi, Sudani’s advisor, said the Kurdistan
Regional Government’s (KRG) oil revenue will be deposited in a bank account
supervised by the federal government as part of an agreement between Erbil and
Baghdad.
He said the agreement was made after both Erbil and Baghdad
insisted on normalizing relations and for the Kurdistan Region’s share of the
budget to be sent to the KRG.
Rikabi stated this will be the first time the federal
government has supervised the revenue since 2003.
Sudani arrived in Erbil on Tuesday where he met with KRG PM
Masrour Barzani.
Following their meeting, political analyst Jumaa al-Atwan
said the KRG and the federal government agreed on the budget bill on the
condition the KRG deposits all oil income in a bank account supervised by the
Iraqi Finance Ministry.
(NRT Digital Media)