Oil Negotiations Between Baghdad And Erbil Are Nearing A Final Settlement: Resumption Of Exports Is Imminent – Urgent
Economy Yesterday, | 549 Baghdad Today – Baghdad The energy advisor at the Patriotic Union of Kurdistan's media office, Bahjat Ahmed, revealed on Monday (June 30, 2025) significant progress in the ongoing negotiations between the Baghdad and Erbil governments regarding the Kurdistan Region's oil exports, indicating that an agreement is very close.
Details of the expected agreement
Ahmed told Baghdad Today that the federal government's technical delegation had returned to Baghdad, while another delegation from the Kurdistan Regional Government, including the chief of staff of the regional government and the Minister of Natural Resources, headed to the capital for an expanded meeting with Oil Minister Hayan Abdul Ghani.
Ahmed explained that "the results of the negotiations are very positive, and an agreement is imminent.
The issue of resuming Kurdistan's oil exports may be resolved within the current week."
He added, "The agreement includes Baghdad assuming the debts of foreign oil companies from October 2022 until the date oil exports cease, amounting to $1.2 billion, in exchange for the regional government delivering 300,000 barrels of oil per day to Baghdad." Ahmed continued,
OPEC meeting and increasing Iraq's share
"The OPEC meeting scheduled for next month will discuss increasing oil quotas,
including Iraq's, which will allow the region to benefit from its 300,000 barrels per day share."
It's worth noting that the Kurdistan Region's oil exports via the Turkish-Ceyhan pipeline were halted in March 2023, following a ruling by the International Court of Arbitration of the International Chamber of Commerce in Paris, which upheld the Iraqi federal government's position as the sole authority uthorized to manage oil exports.
Since then, Baghdad and Erbil have engaged in a series of negotiations aimed at reaching a new agreement that would guarantee the resumption of exports in a legal and orderly manner,
amidst the significant financial losses the region has incurred as a result of the suspension of oil revenues.
Political parties hope to capitalize on this opportunity to reach a comprehensive solution,
especially with anticipation of the next OPEC meeting,
which may approve an increase in production quotas,
opening a window to reap the benefits of the region's export capacity. https://baghdadtoday.news/277481-.html
