Former deputy: The region owes Baghdad $37 billion for oil

Former deputy The region owes Baghdad $37 billion for oil

Ghaleb Muhammad Ali, a former member of the Parliamentary Oil and Energy Committee, has stated that Baghdad is owed $37 billion by the region for oil exports. He emphasizes the need for the oil and gas law to be put into effect to resolve some of the issues between Baghdad and Erbil.

According to Ali, over 1.6 billion barrels of oil have been extracted from the region, but the Kurdish citizens have not received any benefit from it. In fact, Kurdistan still owes the federal government over 37 billion dollars. Ali shared this information with Al-Maalouma.

He added, “The oil and gas law is very important, and efforts must be combined to pass it in order for the Iraqi citizen to benefit from it, from Basra to Zakho, in order to solve part of the problem of the oil file.”

According to the ex-MP, the government has the power to send oil products to Kurdistan by 12.6%. The region is under the control of the central government, as per the Federal Court’s ruling. The court has given Baghdad the authority to manage the oil sector across Iraq.