Iraq Economic News and Points To Ponder Tuesday Evening 7-22-25

Kurdistan Deposits 120 Billion Dinars Of Its Non-Oil Revenues Into The Federal Finance Account.
 
July 22, 2025   Erbil/Iraq Observer  The Kurdistan Regional Government's Ministry of Finance and Economy announced on Tuesday that  the state treasury's share of non-oil revenues  has been deposited into the federal Ministry of Finance's bank account.  The Kurdistan Region's Ministry of Finance stated in a statement received by Iraq Observer that  "the Kurdistan Region's non-oil revenues for May 2025, amounting to 120 billion dinars, have been deposited in cash into the federal Ministry of Finance's bank account  at the Erbil branch of the Central Bank of Iraq."

Under the agreement signed between the Kurdistan Region and Iraq, the Kurdistan Regional Government is required to   hand over oil to SOMO and  send non-oil revenues to the federal treasury in the amount of 120 billion dinars per month.
 
The Iraqi government then sends salaries.
 
The last time the Kurdistan Regional Government received salary payments from Baghdad was 959 billion and 514 million dinars, which were deposited into the Kurdistan Region's Ministry of Finance's bank account on May 13. https://observeriraq.net/كوردستان-تودع-120-مليار-دينار-من-إيرادات/   

Oil To Baghdad Today: Initial Agreement With Kurdistan To Deliver 230,000 Barrels To SOMO

Today's Economy , 20:29 | 183  Video   Baghdad Today – Baghdad  The Undersecretary of the Ministry of Oil, Bassem Mohammed Khudair, revealed today, Tuesday (July 22, 2025), that  a preliminary agreement had been reached with the Kurdistan Regional Government to deliver 230,000 barrels of oil per day to SOMO, while indicating that the ministry hopes to announce a final agreement soon. said In a statement to Baghdad Today, Khadir , "Technical delegations from the  Ministry of Oil and the  Kurdistan Regional Government  reached a preliminary agreement during recent meetings to deliver 230,000 barrels of oil per day to the National Marketing Organization (SOMO),  in accordance with the provisions of the federal budget law."  

He added, "The talks are progressing positively, and  there is an understanding from both sides of the importance of reaching a  comprehensive and sustainable agreement  that serves Iraq's interests and enhances public oil revenues."    https://baghdadtoday.news/279232-230.html 

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