Erbil and Baghdad Reach Agreement on Kurdistan Oil Exports

The Kurdistan Regional Government's Ministry of Natural Resources and the Iraqi Ministry of Oil have reached an agreement on a new mechanism for oil exports from the Kurdistan Region of Iraq, the KRG announced.

The agreement was finalised following a series of joint meetings that began on 17 July 2025 and included site visits to all oil fields in the region. On 11 August, delegations from both sides, comprising 23 members including 17 representatives from the Iraqi Ministry of Oil, signed the agreement.

Under the terms of the agreement, 50,000 barrels per day will be allocated for domestic consumption within the Kurdistan Region, with the remainder transferred to the State Organisation for Marketing of Oil (SOMO) for export. The resumption of exports requires the federal government of Iraq to coordinate with the Republic of Turkiye and implement the agreed procedure. (Kurdistan Regional Government)