Baghdad to compensate producers $16 per barrel for costs.
This clears path for #GKP to resume exports & receive payments — potentially unlocking millions in revenue.
The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD) by boosting government revenues & fiscal stability
.
More oil income = less deficit pressure = potential IQD stabilization.
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Foreign and Iraqi gold prices stabilized in the wholesale markets of Al-Rasheed Street in the capital, Baghdad. The selling price for one mithqal (approximately 4.25 grams) of 21-karat Iraqi gold reached 622,000 dinars, while the buying price stood at 618,000 dinars.
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
Iraq ranked as the fifth-largest importer of Turkish goods in May 2025, with imports exceeding $1.1 billion, according to data released by the Turkish Statistical Institute (TURKSTAT).
The institute reported that Turkiye’s total exports for May reached $24.82 billion, marking a 2.6% increase compared to the same month in 2024. Imports stood at $31.46 billion, reflecting a 2.7% year-on-year rise.
Germany remained Turkiye’s top export destination with $2.1 billion in trade, followed by the United Kingdom ($1.52 billion), the United States ($1.51 billion), and Italy ($1.22 billion). Iraq followed in fifth place with $1.12 billion in imports.
The top five countries accounted for 30.1% of the total exports in May.
Iraq also emerged as the fifth-largest importer of Turkish products in the first third of 2025.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Monday Mark, Mods and Rv’ers
Member: It’s the last day of June. Tomorrow is the first day of the third quarter and the day Basel 3 banking laws are supposed to start worldwide.
Member: Is today our day????
MZ: that’s a heck of a question. I will tell you what I am hearing. I did get a bond update this morning which is unusual for a Monday morning.
MZ: There are some folks wi
th some “historical assets” that are very set with appointments and timing. . Including really big transfers. I am waiting for another update today. These appointments will happen this week. I do not know times for security…..it’s big money. One of these deals is a trillion dollars that is expected to close this week.
MZ: buckle up folks. When it goes…..we will also go pretty soon……. I am upbeat but trying to stay calm.
Member: It is interesting to me that Trump mentioned a deadline of July 9th and the Iraqi Parliament is supposed to go back into session on July 9th
Member: My bank sent me an email last Friday stating that as of 07-14-2025 all financial institutions will adopt ISO 20022.
Member: There is a big BRICS meeting July 6-7
Member: Mark, has your bankers talked about the USN notes?
Member: New Message from credit union, "coming soon'--view all your accounts in one login, streamlined, secure, personalized digital accounts to handle all your banking needs.
Member: Bank story. Neighbor laid off along with others ...Bank said moving to Financial assistance instead of banking service
Member: Is the belief that the RV happens after an economic crash because it’s the final blow to the cabal bankers or does the RV happen just at any moment?
Member: Wish we knew
Member: Mark! Now that the oil is supposedly flowing in the middle east for the Kurdistan region, did they not have to approve the rate prior to the flow?
MZ: “Iraq is witnessing security, stability and economic progress today” these are some of the sound bites we were told to look for- just before they changed their value.
MZ: ” The Budget is behind the walls of the government and awaiting release. Parliament is awaiting” They are now saying it is complete and Sudani is to release it.
MZ: I have told you my theory that Sudani has been holding up the budget waiting for the rate change. To me this makes the most sense.
Member: Dear Sudani please make that soon
Member: Iraq goes digital tomorrow, hopefully new rate tomorrow
Member: (From Dinar Guru) Walkingstick [Iraqi Bank friend Aki update] AKI: Three meetings. The last meeting lasted two hours. My boss tells me, 'I need you back at the bank [In Dearborn Michigan] this Monday because we are waiting on the new exchange rate.' I have to go back because we're waiting for the new rate. WALKINGSTICK: That's the only thing they're waiting for. They already got all the banking software in place, ATM machines, the bank structures, all the bank regulations are set...
MZ: I am hearing similar things from my contacts…I am just trying to stay calm right now.
MZ: Some IRS news. Their deferred resignation day is today. This is where employees can take advantage of “early retirement” some are reporting that up to 50% of collection staff are leaving and taking that early resignation. So a mass exodus is expected at the IRS today.
Member: I live in a small town…closest big town is 3 hours away…..wondering how far I will have to go to exchange?
MZ: I was told 90% of the population of the US would have redeeming banks/redemption centers within 50 miles
Member: IMO its worth a long drive…..my car is gassed up and ready to go.
Member: when the rate changes-will it be on the CBI or forex first?
MZ: If they do it like they did in Kuwait-neither. Kuwait quietly went- but did not publicly release rates for 10 days. I do not think they can do that in today’s internet world. My guess is it will show on the CBI site just moments before its on forex. This is just a guess.
Member: Im hoping we get our big day on July 4th…..the fireworks would be epic to celebrate our RV!!!
Member: Thanks all Mods for being here for all of us
Member: Have a great day. Everyone stay safe and cool.
Member: JUST SO YOU KNOW> > >THERE IS NO PODCAST TONIGHT> > SO SWEET DREAMS TO YOU!!!
Ron the inventor joins the stream after the news. Listen to the replay for his information
What’s the “$16 Agreement”?