Budget payment buoys Baghdad-KRG oil deal
Kurdistan has received a delayed February budget transfer of $408.3 million, keeping a tenuous oil export and revenue sharing deal alive.
Adil Abd al-Mahdi (L) meets with Nechirvan Barzani on Nov. 13, 2014. (STRINGER/Reuters)
ERBIL - The Kurdistan Regional Government (KRG) has received its second federal budget payment for 2015, keeping a fragile oil export and revenue sharing deal on track for now.
The region received the 490 billion Iraqi dinar ($408.3 million) payment on Monday, according to the spokesman of the KRG Ministry of Finance, Ahmed Abdulrahman. He said the money would be used to pay overdue salaries of government employees.
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