Iraq Business Report

Last updated at 03/01/2018

KRG oil exports over US$1 billion in 3 months: Iraq PM

The Kurdistan Region has exported oil worth more than one billion dollars in last three months, Iraqi PM Haider al-Abadi said on Tuesday.

Speaking during his weekly press conference, Abadi said “the region‌s (Kurdistan) exports of oil over the past three months have stood at nearly 2 trillion Iraqi dinars (USD1.68 billion).

“Kurdistan secures more than 80 percent of its employee's salaries from oil revenues,” said the prime minister.

“The region had promised to provide a statement with its revenues this year,” said Abadi. “There is a problem with employees‌ numbers in Kurdistan, but that does not prevent the disbursing of salaries”.

Kurdistan has been demanding Baghdad to send delayed employee salaries as a crisis erupted between the two governments since the region voted for independence from Iraq in a September poll.

Baghdad, on the other hand, has demanded Kurdistan to speak out on revenues it made from oil exports, occasionally accusing the region‌s government of exporting it illegally without the federal government‌s oversight.

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