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ERBIL — The Kurdistan Regional Government’s Ministry of Natural Resources said its meetings with oil-producing companies have made significant progress as efforts continue to resume oil exports from the region.

The meeting addressed challenges facing the region’s oil sector, including recent terrorist attacks on oil fields that have disrupted operations, as well as decreases in production levels. Officials emphasized that ongoing dialogue with producing companies has helped advance solutions to these obstacles, laying the groundwork for a steady resumption of exports.

https://www.basnews.com/en/babat/892581

#BREAKING: International oil companies operating in the Kurdistan Region are locked in intensive internal talks over handing their produced oil to Iraq’s state marketing company, SOMO, with some refusing to transfer it until they receive guarantees from the federal government, a source familiar with the matter told Zoom News.

https://x.com/zoomnewskrd/status/1958462768815727044

A source in the Iraqi Ministry of Oil said that the meetings of the Iraqi and Turkish technical teams have ended at the port of Ceyhan and Turkey has agreed to resume the export of Kurdistan's oil.

On Thursday, August 21, 2025, a source in the Iraqi Ministry of Oil told Rudaw about the next steps: "We are now waiting for the Kurdistan Region to hand over oil and start selling it through SOMO."

According to the source، the teams will remain in Turkey until the end of the month، but "they will not hold any further meetings because the Turkish Ministry of Energy has given final approval and there is no need for further meetings."

A source in the Iraqi Ministry of Petroleum said: "If the oil is delivered today، it can be exported and all the necessary procedures have been completed."

https://www.rudaw.net/sorani/business/210820253

KRG spokesperson Peshawa Hawramani on Wednesday said that "serious discussions" were held with Baghdad regarding the Kurdistan Region's salary and oil export issues, noting that "it is expected that an agreement will be reached today or tomorrow regarding internal revenues"

"We have taken steps to resolve the issues. There is an intensive dialogue, and 120 billion dinars are ready, and we will send them whenever necessary," Hawramani said at a press conference

https://x.com/thenewregion/status/1958156750361678156

https://x.com/zoomnewskrd/status/1958135907308982385

Iraqi PM Mohammed Shia' al-Sudani on Tuesday oversaw the signing of a memorandum of understanding between the Iraqi oil ministry and the US energy company Chevron regarding several oil exploration blocks - Iraqi PMO statement

The MoU entails "the Nasiriyah project, which consists of four exploration blocks, [and] the development of the Balad oil field," in addition to other exploration blocks, with Sudani emphasizing that Iraq's relationship with the US is "a strategic one" and that "the government has worked to attract companies to operate in Iraq"

https://x.com/thenewregion/status/1957850422024217020

Another condition is that "oil companies in the Kurdistan Region must abide by their agreement with the Kurdistan Regional Government and do not ask for a new agreement with the federal government."

https://www.rudaw.net/sorani/kurdistan/1908202513

#BREAKING: The Iraqi Council of Ministers has approved the release of June salaries for civil servants in the Kurdistan Region, who have gone unpaid for nearly three months, reports Zoom News’ Akam Fahmi from Baghdad.

https://x.com/zoomnewskrd/status/1957806661336268984

https://x.com/thenewregion/status/1957805297600250064

According to the information obtained by Rudaw Media Network about the negotiations between the oil companies، the Ministry of Natural Resources and the Federal Ministry of Oil، the obstacles to oil exports are the companies that ask for a written guarantee to receive their financial dues، which is worth $16 per barrel، and the companies want this written guarantee from the federal government.

Another obstacle is the accumulated debt of oil companies in the Kurdistan Region of more than $900 million.

😎An official of one of the oil companies in the Kurdistan Region told Rudaw: "It is decided that the settlement of the accumulated debts of the oil companies will be put in a stage after the resumption of oil exports، and the issue will be resolved within 90 days، and for this purpose، a committee from the Ministry of Petroleum will review the amount of the loans and what are the details of them so that the federal government can repay them."😎

https://www.rudaw.net/sorani/middleeast/iraq/190820253

In a meeting between delegations from the Iraqi federal government and the KRG on Tuesday, the participants emphasized that "significant progress has been achieved, particularly in the issue of oil production and export from the [Kurdistan] Region, as all necessary conditions and requirements have been met to commence production and export through SOMO" - Iraqi planning ministry statement

https://x.com/thenewregion/status/1957736596477997314

#BREAKING: All conditions for the production and export of Kurdistan Region's oil have been finalized, paving the way for exports through Iraq’s national oil marketing company (SOMO), the Iraqi Ministry of Planning has announced - statement

https://x.com/zoomnewskrd/status/1957737563797553350

https://x.com/zoomnewskrd/status/1957737563797553350

Iraq to allow oil firms operating in Kurdistan Region to open foreign accounts, clearing way for exports

In response to demands from oil companies, the Iraqi government will allow firms operating in the Kurdistan Region to open bank accounts abroad to deposit their financial dues, a government source told Zoom News, revealing most companies have confirmed they are ready to resume exports without conditions.

The move follows companies telling Iraqi officials they do not trust Iraqi banks, the source added.

Since Friday, virtual meetings between oil companies, the Iraqi Oil Ministry, and the Kurdistan Regional Government’s (KRG) Ministry of Natural Resources have been ongoing. The meetings were described as constructive, with most obstacles to exports having been removed, the source said.

https://zoomnews.info/en/76318/

The source added that the Iraqi government will begin steps in the coming days to reach an agreement with Türkiye regarding oil exports from the Kurdistan Region, as part of efforts to resolve ongoing disputes over the management of oil resources and implementation of budget provisions

https://baghdadtoday.news/281095-.html

#BREAKING: The Kurdistan Region will hand over 120 billion dinars in non-oil revenues for June to Baghdad only if its oil exports resume through Turkey’s Ceyhan port, a source from the KRG Ministry of Finance told Zoom News.

https://x.com/zoomnewskrd/status/1957007509358575679

Baghdad and Erbil Reach 'Temporary' Oil Agreement Amid Deep Constitutional Rift, Says Iraqi FM

Iraqi FM Fuad Hussein reveals a temporary Erbil-Baghdad oil deal, but warns it fails to resolve a deep constitutional clash between Baghdad's centralist culture and the KRG's federal rights, criticizing Federal Court overreach and legislative paralysis on key laws.

https://www.kurdistan24.net/en/story/858287/baghdad-and-erbil-reach-temporary-oil-agreement-amid-deep-constitutional-rift-says-iraqi-fm

ERBIL — Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein said the Kurdistan Region should be provided with its full budget share and given authority to manage its own resources, stressing the need for decentralization in Iraq.

“Decentralization must be implemented by the federal government towards the regional government. Also, the Kurdistan Region's budget must be given to the region, and the region itself should manage its resources,” the foreign minister noted in an interview with Al-Shams channel

https://www.basnews.com/en/babat/892190

The transportation of oil represents the second crucial phase of the oil industry after production. Experts emphasize that production and transportation are inseparable, as crude oil has little value unless it reaches consumer markets.

https://channel8.com/english/news/42598

Pipeline is fully operational and Ankara has received some signals from Baghdad: Energy Minister Alparslan Bayraktar

Turkey has been ready to restart oil exports from the Kurdistan Region via Ceyhan Port since October 4, 2023, Energy Minister Alparslan Bayraktar told Sky News — saying the pipeline is fully operational and Ankara has received some signals from Baghdad.

https://x.com/zoomnewskrd/status/1956684173973844298

Daily talks between Iraqi Ministry of Oil, the KRG and IOC's are progressing positively.

"The people of Kurdistan and Iraq are set to receive good news" as the Kurdistan Region’s oil exports are expected to resume next week, a source familiar with the ongoing daily talks between the Iraqi Ministry of Oil, the KRG Ministry of Natural Resources, and international oil companies told Zoom News, adding that the discussions are progressing positively and paving the way for the restart.

https://x.com/zoomnewskrd/status/1956651277728772568

ERBIL — Turkey’s Energy Minister Alparslan Bayraktar said on Friday that Ankara has sent a new draft agreement to Baghdad for the operation of the Turkey-Iraq Oil Pipeline, aiming to boost its output to full capacity.

Speaking about the 50-year-old pipeline, which has a capacity of 1.5 million barrels per day but has never reached maximum throughput, Bayraktar stressed that the current arrangement is outdated.

“We recently informed the Iraqi government that the current agreement no longer meets expectations and doesn’t respond to today’s energy world needs, and we sent a new draft agreement,” he stated.

According to the minister, the Iraqi side is currently reviewing the proposed structure, and technical teams from both countries are expected to meet soon to start formal negotiations.

“Our goal is to use this pipeline at full capacity,” Bayraktar added, underlining the potential economic and strategic benefits for both nations.

https://www.basnews.com/en/babat/892041

https://www.kurdistan24.net/en/story/857966/turkey-sends-draft-of-new-oil-transfer-agreement-to-iraq

Channel8 has learned that total oil production in the Kurdistan Region has reached about 145,207 barrels per day, and Iraq will closely monitor the production, quality, and measurement of crude, with all output accounted for by SOMO.

https://channel8.com/english/news/42511