One of the provisions of the agreement between Erbil and Baghdad on the resumption of oil exports has been implemented, according to which the oil revenues will be deposited in a bank in Abu Dhabi, but an international company will audit it.

According to a letter sent to the oil marketing company SOMO on April 27, the Iraqi Central Bank said it has no objection that the Kurdistan Region's oil revenues being deposited in Citi Bank in Abu Dhabi.

In this letter, the Central Bank of Iraq has set the condition that an international audit company be appointed to audit the the region's bank account in (Citi Bank).

The Central Bank of Iraq also points out that since they do not benefit from the sale of oil in the Kurdistan Region and the Kurdistan Regional Government benefits, so the Kurdistan Regional Government will take responsibility for any option to rely on to receive these revenues.

According to the agreement, the Kurdistan Regional Government and the Iraqi Federal Government have agreed to deposit the oil revenues in the Citibank of Abu Dhabi, so this letter is seen as the implementation of one of the provisions of the agreement.