The Kurdistan Region’s Ministry of Finance sent 120 billion Iraqi dinars to Baghdad as oil revenue for May, a source from the ministry told Rudaw today. This payment fulfills the Kurdistan Regional Government's (KRG) obligation to transfer oil revenues to the Iraqi federal government. This development confirms the KRG's continued financial transfers to Baghdad, following previous reports of ongoing discussions and agreements regarding oil revenue sharing. The precise timing of the transfer within May was not specified, but the source indicated it was for that month's oil revenue. Previously, a source in the KRG Finance Ministry had told Rudaw that 120 billion dinars were sent to Baghdad as non-oil revenue in May. The more recent report clarifies this payment as specifically oil revenue, indicating a potential correction or further detail regarding the nature of the funds transferred.
