Parliamentary Finance: Preliminary understandings with the region on its oil file
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed preliminary understandings with the Kurdistan Regional Government on the oil file.
Al-Atwani said in a press statement that “the visits made by the parliamentary delegation to Erbil were aimed at reaching good results and understandings acceptable to both parties (Baghdad and Erbil), with regard to oil and non-oil revenues, as well as adapting the contracts concluded by the region with foreign companies to extract and transport oil.”
Al-Attani explained that “the understandings with the region come with the aim of finding a mechanism to lay a suitable ground for unification or reach convictions regarding oil prices. In order for the region to start extracting and transporting oil, it is necessary to agree on a certain mechanism, which we have reached is a preliminary approval that the possibility of adapting the regional government’s contracts according to the vision that is in line with the Constitution, and that the formula of contracts turns from partnership in production to sharing profits.”
The Federal Ministry of Finance announced yesterday, Sunday, an agreement with the Kurdistan Region, on the launch of the salaries of employees and retirees in the region, including the release of the salaries of the region’s employees for the month of November, starting from the date of {Yesterday}, provided that the rest of the treatments and observations are completed in coordination with the ministerial team.
https://alforatnews.iq/news/المالية-النيابية-تفاهمات-أولية-مع-الإقليم-بشان-ملفه-النفطي
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