KURDISTAN ALLIANCE: TERRITORY DELEGATION WILL ARRIVE IN BAGHDAD SOON TO RESOLVE THE DISPUTE
10/21/2015
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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The President of the Kurdistan Alliance bloc in the House of Representatives Mohsen Saadoun, that a delegation from the Kurdistan region will arrive in Baghdad soon, to resolve the dispute over the oil agreement and public financial budget, stressing the insistence of the federal government and the Kurdistan Regional Government an end to the dispute and to reach understandings binding on the parties.

The Council of Ministers approved, last Sunday, the draft budget for fiscal year 2016 Act, amounting to 106 trillion Iraqi dinars (equivalent to US $ 90.9 billion) and a deficit of 23 trillion dinars (equivalent to US $ 19.7 billion).

Sadoun said for (IMN), that "Baghdad and Erbil need to oil the agreement because the economic situation is very difficult, Wi-bug gets in the budget would have a negative impact on the economic situation in each country, and the negative repercussions could reach salaries."

Sadoun said that "the safest for both sides to be built there an agreement in a clear and binding on the parties."

And it adopted the 2016 budget on the sale of oil at $ 45 per barrel and export at a rate of 3.5 million barrels per day, while maintaining the oil agreement between Baghdad and Erbil on the proportion of 17% and export of B550 thousand barrels of oil per day.

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