The Kurdistan Regional Government signed an agreement with the multinational professional services firm, EY (Ernst & Young), to audit oil and gas processes in the Kurdistan Region.
During the signing ceremony on Wednesday, Prime Minister Nechirvan Barzani described the agreement as an important step by the Kurdistan Regional Government to be more transparent in the oil and gas revenues and expenditures.
He said that the agreement will further strengthen the transparent and independent auditing process for oil and gas sector. He added that transparency in the sector is his government’s top priority.
This is the second oil-audit agreement that the KRG has signed with major international auditing firms. Earlier this year, the KRG signed a similar deal with Deloitte.
Senior government officials and the Head of British Consulate-General in the Kurdistan Region participated in the signing ceremony, which took place at the Council of Ministers in Erbil.