Al-Eqtisad News Baghdad meeting with the regional oil ministry and companies ends without agreement
Economy News – Baghdad
The meeting between the Ministry of Oil and Natural Resources of the Kurdistan Regional Government and Epicor concluded without reaching any agreement on the outstanding issues between the two parties.
A source said, “The problems remained the same, and no significant progress was made in the negotiations.”
This meeting came after the same tripartite meeting was held last Sunday, 02-03-2025, in Baghdad, and its results were presented to Prime Minister Mohammed Shia al-Sudani at the Federal Cabinet meeting on Tuesday, 04-03-2025.
According to the agreement between the governments of Iraq and the Kurdistan Region, in the first phase, 300,000 barrels of oil per day will be produced in the Kurdistan Region, 185,000 barrels of which will be exported through the Ceyhan port, while the other 115,000 barrels will be used to meet local needs.
Since March 2023, the export of 400,000 barrels per day of oil from the Kurdistan Region and an additional 75,000 barrels from Kirkuk via the port of Ceyhan has been halted, following a decision by an international arbitration court in Paris in favor of the Iraqi federal government.
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