The Iraqi government will send the entire budget of the Kurdistan Regional Government

The Iraqi government will send the entire budget of the Kurdistan Regional Government (KRG) if oil is exported again, the former deputy minister of finance said. The Iraqi Council of Ministers has approved an amendment to the article on the production, transportation and delivery of oil in the three-year Iraqi budget law and set $ 16 as the cost of producing a barrel of oil. Fazel Nabi, a former deputy finance minister, told Rudaw that the amendment would nullify one of the budget law\'s provisions. According to Article 12-2-C, the Iraqi Ministry of Finance had to pay the rent of oil companies and transportation of Kurdistan Regional Government (KRG) oil to Erbil at the price specified for Iraqi oil expenditure, which is eight dollars. "Foreign oil companies have not taken any position on the Iraqi Council of Ministers\' proposal, but the tweet was positive and important because it is an oil producer and oil transporter," Fazel said. Sheikh Baz Barzanji, the head of the Labor Group of Companies, praised the decisions of the Iraqi Council of Ministers on the oil issue in the Kurdistan Region, saying that the amendment of the budget law is a strategic step in the right direction Strengthening cooperation between the Federal Government and the Kurdistan Region in the oil sector. The Chairman of the Group of Companies said: Compensation for the cost of oil production and transportation in the Kurdistan Region indicates a joint commitment to sustainable recovery and fair distribution of wealth