The Kurdistan Region’s Ministry of Finance has begun preparations to Collect oil revenues from August to send it to Baghdad. The move follows recent agreements between Erbil and Baghdad on resuming Kurdish oil exports and restarting the process of revenue sharing.
Deputy Prime Minister Qubad Talabani’s office confirmed that the ministry is coordinating with relevant institutions. Officials said the plan is to collect revenues this week and send about 120 billion dinars to Baghdad. This payment represents the Kurdistan Region’s oil income for August. In parallel, the ministry is also preparing funds for civil servants’ salaries for the same month.
The Kurdistan Regional Government (KRG) hopes that these steps will guarantee the salaries of public employees for the coming months. Officials emphasized that fulfilling obligations on oil revenue transfers will also strengthen trust between Erbil and Baghdad. They noted that consistent cooperation is necessary to secure stable financial flows.
On the issue of July salaries, the Deputy Prime Minister addressed existing delays. He explained that Iraq’s Finance Minister had returned the allocation due to missing paperwork. However, KRG officials are actively working to resolve the issue and ensure that payments are released as soon as possible. They expressed hope that the funds would be disbursed within days.
The Ministry of Finance underlined that both sides must keep communication open to prevent future disruptions. Officials stressed that sending revenues to Baghdad on time will help maintain stability and secure employee wages. They added that the current preparations mark a step toward smoother financial coordination in the future.
By taking these measures, the Kurdistan Region demonstrates readiness to honor its commitments while safeguarding the livelihood of public sector workers. The outcome depends on continued dialogue and effective follow-up between Erbil and Baghdad.