🛢️ KURDISTAN OIL UPDATE: ALL COMPANIES SIGN TRIPARTITE AGREEMENT EXCEPT ONE — NO IMPACT ON EXPORTS 🚀
The Ministry of Natural Resources in the Kurdistan Region announced that all oil companies except one foreign company have signed the crucial tripartite agreement with the ministry and the federal Ministry of Oil.
✅ The ministry has fulfilled all its oil export obligations according to the Council of Ministers’ recommendations.
⏳ Now, they are awaiting the federal Ministry of Oil’s signature to enable the State Oil Marketing Organization (SOMO) to begin oil exports swiftly.
⚠️ The single company’s refusal to sign does not affect the overall agreement or oil export plans.
💡 This marks a significant step toward stabilizing and boosting Iraq’s oil exports.
Stay tuned for more updates on Iraq’s energy sector!
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