Shafaq News/ Kurdistan Regional Government (KRG) revealed that the Iraqi Council of Ministers approved the draft federal budget law for 2020, ahead of the resignation of Prime Minister ,Adel Abdul Mahdi from office.
The spokesman of KRG, Jutiar Adel, told Shafaq News, “ KRG expressed its willingness to meet its oil obligations in return for the federal government's commitment to pay the financial dues to the region in accordance with an agreement contained in the draft budget law 2020, which was approved by the Iraqi Council of Ministers before resignation. ''
He said that details of the agreement would be announced on Wednesday.
A delegation from KRG held several meetings in Baghdad after reaching an agreement on the federal budget 2020.
Under the agreement, details of which were announced by Iraqi Oil Minister Thamer al-Ghadhban, the oil extracted from Kurdistan region must be delivered to the Iraqi Oil Marketing Company (SOMO), which will export through a pipeline to the Turkish port of Ceyhan at a rate of 250 thousand barrels per day.
Under the agreement, the region will send the oil at the beginning of the new year, and in return have the financial dues of the region as salaries and budget in the budget law of 2020.