Erbil Generated 2 Trillion IQD Oil Revenue in the Last Three Months: Abadi

Erbil Generated 2 Trillion IQD Oil Revenue in the Last Three Months: Abadi

Iraqi Prime Minister, Haidar al-Abadi announced on Tuesday (January 2) that the Kurdistan Region generated two trillion Iraqi dinar (IQD) of revenue from oil exports during the last three months.

Baghdad has learned through assessments it made that Erbil exported oil worth 544 billion IQD each month, said Abadi during his weekly press conference.

Abadi reiterated Baghdad’s willingness to pay salaries of Kurdish employees amid deteriorated relations between the central government and Erbil after the independence referendum.

Abadi, however, was critical of the number of public servants on the Kurdistan Regional Government (KRG) payroll list, but said this won’t prevent to make payment to employees from KRG’s ministries of education and health.

Salaries for KRG employees have been plagued by delays since 2014 and Kurdish authorities have repeatedly said they cannot make payments due to a number of crises affecting the region.

Baghdad's recapture of oil fields in disputed territory outside the autonomous region from Kurdish forces added to the already heavy burden on KRG shoulder.

The Iraqi army has seized Khabbaz and Bai Hassan North and South oil fields which accounted for more than 400,000 of the 650,000 barrels per day that the autonomous Kurdish region used to export in defiance of Baghdad.

The KRG’s aim in cutting the salaries of employees, excluding Peshmerga forces fighting the Islamic State (ISIS), security forces and judges, was to reduce expenditures and increase revenue in the region.