Iraq’s Kurdish Regional Government (KRG) has reached an agreement with Baghdad on the budget and oil, which includes providing Baghdad 250,000 barrels of oil per day for the first time since 2014, said the region’s finance minister on Thursday in a conference.

According to Awat Sheikh Janab, the KRG agreed with the Iraqi government to deliver the amount of 250,000 barrels to the oil marketing company SOMO, starting from next year.

“With the adoption of the agreement as of 2020, there will be no problem regarding the payment of the salaries of employees in KRG,” Sheikh Janab said.

Read more: Iraq's Kurdish region to hand over oil to Baghdad