Draft proposals from both the Iraqi government and the Kurdistan Regional Government (KRG)8 Jul 2025 19:57
Wow...... First time.... in such a detail.... For us to understand what's going on ACTUALLY😎
The draft proposals from both the Iraqi government and the Kurdistan Regional Government (KRG) have been leaked amid ongoing negotiations over oil and the budget. Here are the key points:
On Oil
Iraq Government Draft:
- Immediate delivery of 236,000 barrels/day (total production minus 46,000 for local use) to SOMO for export.
- Local consumption remains the KRG's responsibility at $16 per barrel for production and transportation costs until the end of Phase 2.
- Phase 2: A 30-day joint study to assess and potentially revise local consumption needs in coordination with the Federal Oil Ministry.
- Emphasizes full federal oversight from the outset.
KRG Draft:
Proposes two delivery scenarios depending on company participation:
- If companies agree: Full delivery minus 65,000 barrels/day for local consumption.
- If companies don’t agree: Delivery limited to 100,000 barrels/day until a joint agreement is reached.
- KRG continues to manage local consumption of 65,000 barrels/day, but proposes that the Iraqi government cover production and transportation costs.
- Links full delivery to reaching an agreement on the scope of the technical committee, making delivery conditional.
➤ Key Difference:
The Federal Draft demands immediate full delivery (236k), while the KRG proposes conditional, partial delivery (100k or full minus 65k) depending on company cooperation.
See more details in the link below:
https://x.com/KurdistanWatch/status/1942656196760199614