Qubad Talabani: part of oil revenue goes to Kurdistan
The KRG and the Central Iraqi Government have reached a final agreement over the share of the budget and oil exports. According to the agreement between the parties, the Erbil administration will transfer 250,000 barrels of oil on a daily basis from its production in the Kurdish Region and 300,000 barrels of oil from production in Kirkuk to the Iraq Oil Ministry.
It has been mentioned in the agreement that the Central Government will allocate 17 percent of the Iraqi budget to the Kurdish Regional Government.
The agreement came after Iraqi and Kurdish officials held talks in Baghdad. Kurdish officials including Prime Minister Nachirvan Barzani, Dep- uty Prime Minister Qubad Talabani and Natural Resources Minister Ashti Hawrami met three times with the Iraqi officials under the presidency of Iraqi Prime Minister Haider alAbadi.
Oil was a strong trump card in the hands of Kurds in their recent talks with Iraq that led to a deal between Erbil and Baghdad on revenue sharing and the status of the Peshmerga forces, Deputy Prime Minister Qubad Talabani said last Wednesday
“I do not agree with the (opinion) that these negotiations and the results are an indication of the failure of the Kurdish oil policy,” Talabani told reporters. “KRG's oil policy has not failed.”
Talabani said that with- out a successful oil policy the Kurds wouldn’t have been able to enter negotiations with the Federal Government.
Talabani said the Kurdish Government would still be able to sell its oil after it delivers the amount of oil agreed on in Baghdad.
“In addition to the 250,000 barrels of oil we give to Baghdad, we will also feed our refineries and will use the rest to pay back our debts through the sales we have made previously,” he added.
Talabani said that the deal would help to reduce tensions that had increased between Iraq and the autonomous Kurdish Region in recent months. “With our agreement with Baghdad we passed the stage of tensions between the two sides and we are in a transitional period which is a transitional solution,” he said.