PM:03:22:17/07/2025
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The Iraqi Council of Ministers on Thursday, July 17, 2025, approved the long-awaited agreement between Baghdad and the Kurdistan Region, which includes the delivery of oil and domestic revenues in exchange for salaries for public employees in the Region.
Under the agreement, the KRG will deliver 230,000 barrels of oil per day to SOMO at a cost of $16 per barrel, while 52,000 barrels will be allocated for domestic consumption and 120 billion dinars of internal revenue will be transferred to Baghdad.
Sarwa Abdulwahid, leader of the New Generation faction in the Iraqi parliament, said salaries are likely to be sent on Sunday or Monday. This comes after nearly 80 days of salary delays, blamed on the failure of the outgoing KRG cabinet to comply with constitutional obligations and previous deals.