Kurdistan Regional Government, Wednesday, announced that it had informed the federal government of its readiness to hand over the proceeds of the sale of oil.

A spokesman for the Kurdistan Regional Government, Gotiar Adel, at a press conference in Erbil, said that the KRG informed Baghdad of its willingness to hand over the proceeds of the sale of oil after agreeing first to the dues of companies investing in oil fields as well as export expenses.

Adel added that the delegation of the Kurdistan Regional Government will return soon to Baghdad to resume discussions on the outstanding differences.