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Omed Sabah, President of the Diwan of the Kurdistan Regional Government (KRG) Council of Ministers, stated that Prime Minister Masrour Barzani has sent a letter to Mohammed Shia al-Sudani and asked him not to pay attention to the opinion of the State Council regarding the non-oil revenues of the Kurdistan Region.

Sabah told a press conference on Monday that the Kurdistan Region is “ready to pay the federal treasury share whenever they are ready to pay our salaries.”

He confirmed that the KRG is prepared to pay the August and September domestic revenues immediately.

https://channel8.com/english/news/46132

https://baghdadtoday.news/284645-.html

In the most significant and tangible sign yet that a new era of energy cooperation has dawned in Iraq, Minister of Oil Hayan Abdul Ghani announced on Saturday that the federal government has received more than one million barrels of crude oil from the Kurdistan Region since exports resumed last week. The minister confirmed that the first tanker, with a capacity of 650,000 barrels, is now docked and loading at the Turkish port of Ceyhan, ready to carry the first federally-managed shipment of Kurdish oil to global markets.

This milestone, described by Abdul Ghani as a "great achievement," marks the successful operational start of a landmark tripartite agreement that has ended a crippling and costly two-and-a-half-year stalemate, promising to usher in a new chapter of shared prosperity and economic stability for all of Iraq.

https://www.kurdistan24.net/en/story/867372/iraq-confirms-over-1-million-barrels-received-from-kurdistan-as-first-tanker-loads-in-ceyhan

https://www.basnews.com/en/babat/896078

Economy Today, 12:05 | 100

Baghdad announces receiving more than one million barrels from the Kurdistan Region so far.

Baghdad Today - Baghdad -

Oil Minister Hayan Abdul Ghani announced today, Saturday (October 4, 2025), that more than one million barrels of oil have been received from the region so far, while confirming that the first tanker has been loaded with the region's oil at the port of Ceyhan.

Abdul Ghani said in a statement followed by "Baghdad Today" that "several days ago, the process of pumping oil from the Kurdistan region towards the port of Ceyhan resumed via the Iraqi-Turkish pipeline after a halt of more than two years on this pipeline," noting that "for the first time, the federal government is receiving oil produced in the region and taking responsibility for the process of exporting it outside Iraq."

He added, "The quantities received so far have reached more than one million barrels," noting that "the first tanker has docked at the port of Ceyhan, with a capacity of 650,000 barrels per day.

https://baghdadtoday.news/284510-.html

The Trump administration is working to ensure the continued exportation of oil from the Kurdistan Region, which recently restarted after a two-year halt, to "bolster [Iraq's] economy, benefit US companies, and counter Iran’s influence in the region," Bloomberg reported on Friday, citing a senior State Department official

The official said Washington is pressing for the full implementation of Iraq’s oil export pact and financial terms, noting the US had "worked in recent weeks to bring together international oil companies with the Iraqi and Kurdish government," an effort that included "hundreds of phone calls and meetings" to finalize the deal

https://x.com/thenewregion/status/1974082390906622202

The Minister of Oil, Hayyan Abdul Ghani Al-Sawad, confirmed on Friday (October 3, 2025) that Baghdad has started receiving oil from the Kurdistan Region, indicating that the ministry receives more than 200 thousand barrels per day.

"This achievement is a great achievement for the federal government, as it will add additional financial resources to the Iraqi state's resources," the minister said, noting that "there is a smoothness and a somewhat steady increase from the rates that have been approved." "The Ministry of Oil receives oil daily from the region at an average of more than 200,000 barrels," he said.

The Iraqi Oil Marketing Company (SOMO) announced on Thursday the start of exporting crude oil from the fields of the Kurdistan Region, in a move described as crucial to strengthen the national wealth management unit.

https://baghdadtoday.news/284466-200.html

Economist Nabil al-Marsoumi identified on Friday (October 3, 2025) five benefits in Washington's support for the Baghdad-Erbil oil agreement.

"The third benefit is the realization of the economic interests of American oil companies investing in Kurdistan," he said, stressing that "the agreement will contribute to creating a more stable investment environment across Iraq for the benefit of American companies."

https://baghdadtoday.news/284459-5.html

ERBIL — Iraq’s State Oil Marketing Organization (SOMO) announced on Thursday the resumption of crude oil exports from the Kurdistan Region’s fields to international markets.

According to SOMO, the first shipment was dispatched via the tanker Vallesina under mechanisms agreed upon between the Iraqi federal government and the Kurdistan Regional Government (KRG).

The company said the operation was conducted in accordance with the transparency standards adopted by the federal government to ensure rigorous financial and administrative oversight.

SOMO confirmed that its specialized teams, in coordination with personnel from the North Oil Company, directly supervised the loading operations at Turkey’s Ceyhan Port, ensuring smooth logistical procedures and full compliance with international technical standards.

https://www.basnews.com/en/babat/896012

2 October 2025 19:47

MOSCOW, Oct 2 (Reuters) – Urals crude differentials held steady as the market remained quiet in thin trading, while the first tanker loading of Iraqi Kurdistan crude from Ceyhan since the pipeline restarted on September 27 will take place on Thursday, Reuters sources said.

Crude oil flows from Iraq's Kurdistan region to Turkey’s Ceyhan port are running at around 180,000 barrels per day (bpd), up from 150,000-160,000 bpd earlier in the week, two shipping sources told Reuters.

The agreement does not explicitly state that Baghdad will be responsible for repaying the debts owed by the Kurdistan Regional Government (KRG) to oil companies. Thus, this issue is not within the framework of the deal.

KRG, IOCs to Address Outstanding Debts. Concurrently, eight international oil companies (IOCs) said in a statement, “The KRG and IOCs also agreed to meet within 30 days of resuming exports to work towards creating a mechanism for settling the outstanding debts owed to IOCs.”

https://channel8.com/english/news/45870

The Kurdistan Regional Government (KRG) Council of Ministers reiterated its compliance with the tripartite oil agreement and called on the Iraqi government to continue the negotiating delegations of both sides to resolve the issue of non-oil revenue, like oil.

The cabinet convened today and, in a statement, reaffirmed its support for continuing the implementation of the oil agreement that came into force on September 27.

According to the cabinet, in recent days since the agreement was struck, the Ministry of Natural Resources has delivered an average of 195,000 barrels of oil per day from the Kurdistan Region oil fields to the State Oil Marketing Organization (SOMO), and the revenues have been returned to the federal treasury.

https://www.basnews.com/en/babat/895923

https://channel8.com/english/news/45867

https://www.kurdistan24.net/en/story/866944/krg-council-of-ministers-reaffirms-commitment-to-oil-export-agreement

ERBIL — In a new framework announced on Wednesday, the Iraqi federal government will reimburse oil producers by allocating equivalent volumes of crude to SOMO at the Ceyhan port in Turkey.

An international marketer chosen by the oil companies will sell the oil and deposit proceeds into an escrow account, ensuring that companies are paid securely. Meanwhile, under Iraq’s amended budget law, the federal Ministry of Finance will make an interim cash payment of US$16 per barrel to cover production and transport costs.

https://www.basnews.com/en/babat/895907

ERBIL (Kurdistan24) – Energy experts say the resumption of oil exports from the Kurdistan Region will strengthen Turkey’s and Europe’s energy security while providing a major boost to the economies of Iraq and the Kurdistan Region.

Experts say the agreement is a strategic development for regional stability. They emphasize that the Iraq-Turkey pipeline provides a more secure and cost-effective alternative to transporting oil by sea from Basra.

“The export agreement will strengthen Turkey’s and Europe’s energy security,” said Turkish academic Ali Oguz Dirioz. “It will also support industrial development, generate revenue, and create further prosperity in the Kurdistan Region.”

“Although the initial export volume is modest, the pipeline’s capacity allows for substantial increases. If Kirkuk oil is included, total exports could reach 700,000 to 800,000 bpd,” noted Oguzhan Akyener, President of the Turkey Energy Strategies and Politics Research Center (TESPAM).

https://www.kurdistan24.net/en/story/866908/kurdistan-region-oil-exports-resumption-boosts-regional-and-european-energy-security

Turkiye sent Iraq a draft for a new joint oil agreement that includes significant revisions, among them the construction of four refineries in northern Iraq with limited Turkish participation, a source told Shafaq News on Wednesday.

Ankara’s proposal ties its investment to compensation for heavy losses stemming from the halt of the Kirkuk–Ceyhan pipeline. Crude flows were suspended in March 2023 after an international arbitration court ordered Turkiye to pay Iraq $1.5 billion in damages for unauthorized Kurdish exports between 2014 and 2018. Since then, Baghdad is estimated to have lost $22–25 billion in revenue, while Turkiye has absorbed at least $400 million in lost transit fees and continues to shoulder about $25 million a month in maintenance costs through its state pipeline company, BOTAŞ.

The draft also links oil and economic cooperation to the release of Iraq’s water quota from Turkiye, alongside calls to expand bilateral trade and raise crude exports through Ceyhan.

https://shafaq.com/en/Economy/Ankara-seeks-refinery-role-in-new-oil-agreement-with-Baghdad-Erbil

ERBIL — The oil tanker Vallesina has been booked to load 700,000 barrels of crude from the Kurdistan Region at Turkey’s Ceyhan port on October 2, two industry sources told Reuters on Tuesday.

It will be the first tanker to carry Kurdish oil since exports through the Iraq-Turkey pipeline resumed on September 27, following an 18-month halt that had deprived the Kurdistan Regional Government (KRG) of its main source of revenue.

Iraq’s oil ministry undersecretary, Bassem Mohamed, said the return of Kurdish oil exports would help boost the country’s overall shipments to nearly 3.6 million barrels per day (bpd) in the coming days. He stressed that production and export levels would remain within Iraq’s OPEC quota of 4.2 million bpd.

https://www.basnews.com/en/babat/895828

#BREAKING: The KRG finance ministry confirms that of the Baghdad has transferred 956 billion dinars to its bank account for July salaries of the Kurdistan Region's civil servants - Statement

https://x.com/thenewregion/status/1972983070618984959

https://baghdadtoday.news/284250-.html

Key details:

Under the new terms, the KRG's natural resources ministry has committed to deliver a minimum of 230,000 barrels per day (bpd) to Iraq’s State Oil Marketing Company (SOMO) for export. An additional 50,000 bpd will be used for domestic consumption in the Kurdistan Region.

SOMO is set to take title to the oil "from the Pishkhabour metering station to the Ceyhan export terminal," bearing all costs of transportation, storage and loading. However, it reserves the right to reject crude that does not meet quality standards.

The deal also establishes rigorous reporting standards to maintain transparency.

The total number of barrels will be measured when loaded onto tankers at Ceyhan and SOMO must report total monthly volumes to all parties within 10 business days after the end of each month.

Subsequently, the KRG’s natural resources ministry must then issue a final report to SOMO and the Iraqi finance ministry within another 10 business days, showing allocations for each oil field operator.

Furthermore, Erbil’s natural resources ministry has also signed individual lifting agreements with IOCs to manage their share of the oil. Any disputes raised by IOCs regarding the final report are to be resolved directly with the ministry without amendment of SOMO payments under the agreement.

Another key point for the IOCs in the agreement is the provisional in-kind compensation system

The agreement introduces a provisional in-kind compensation system, where oil companies are paid through Provisional Seller Barrels (PSBs) - crude shipments lifted at Ceyhan by marketers chosen by the KRG and IOCs.

The Region’s natural resources ministry is required to provide an estimated lifting schedule 25 days before each month starts. Any quantity differences will be reconciled against future allocations.

Moreover, compensation will be limited to PSBs until an assessment is finalized by the advisory firm Wood Mackenzie.

Until a final review is done by Wood Mackenzie, compensation remains at a temporary rate of $16 per barrel - as set by an amendment to Iraq’s 2023-2025 federal budget law in February.

Once the firm completes its assessment, SOMO must adjust the payment rate retroactively.

Additional payments based on this final assessment will also be made in-kind within three months, and any deductions must follow a mechanism agreed upon by all parties.

Outstanding debts:

As for outstanding debts, the agreement "excludes provisions for the up to $1 billion in receivables owed to the IOCs" from past exports. However, the eight signatory IOCs agreed to "meet within 30 days ... to work toward creating a separate mechanism" to address the outstanding arrears.

https://www.rudaw.net/english/kurdistan/290920251

ERBIL, Kurdistan Region of Iraq - The Iraqi government and the Kurdistan Regional Government (KRG) have formed a joint committee to address long-standing disputes between the two governments, beyond oil revenues and exports.

The New Region understands that the new committee, made up of nine members from both sides, is set to focus on border crossings, economic issues and eventually the implementation of Article 140 of the Iraqi constitution, which deals with disputed territories including Kirkuk.

https://thenewregion.com/posts/3181

(It's important to keep us up-to-date)

Izzat Sabir, Undersecretary of the Iraqi Oil Ministry for Gas Affairs, said the oil export agreement is long-term, noting that “if SOMO sells oil of the Kurdistan Region, it would generate significantly higher revenue.”

In remarks to Channel8, Sabir stated that the tripartite agreement, which was announced on 25 September, is "important for the Kurdistan Region, Iraq, and companies."

He highlighted that due to the agreement, most of the Kurdistan's oil goes to European markets.

https://channel8.com/english/news/45711

According to the latest report on daily output from Kurdistan Region’s oil fields, total production from nine major fields has reached 285,000 barrels per day prior to the resumption of exports.

Out of the 285,000 barrels produced daily, 30,000 barrels are allocated to companies operating in the Tawke region, namely DNO (Norwegian) and Genel Energy (Turkish), which are sold on the domestic market.

Based on available data and field capacity, it is projected that by the end of the year (within the next three months), production capacity could return to full levels, reaching a total daily output of 346,000 barrels.

https://channel8.com/english/news/45628

Baghdad Today - Baghdad

Today, Saturday (September 27, 2025), the first shipments of oil from the Kurdistan Region began via the Turkish Ceyhan pipeline after a halt of more than two and a half years, in a move described as historic to boost public revenues and consolidate Iraq's economic position.

add between $10-12 billion annually to the general budget if current price levels persist.

Al-Shatri explained that "unifying oil exports strengthens Iraq's position within OPEC, as it will allow for accurate and transparent data on production and export volumes, giving Baghdad greater leverage in production quota negotiations."

Al-Shatri concluded his remarks by saying, "Re-exporting Kurdistan's oil is not just a financial issue, but a sovereign and strategic issue. Its success means strengthening the unity of Iraq's economic position and diversifying export outlets through the Turkish port of Ceyhan, alongside the ports of Basra, thus reducing geopolitical risks and reliance on a single outlet."

Economic and political analysis suggests that the current agreement represents a double test: economically, by improving revenues, and politically, by consolidating the unity of decision-making between Baghdad and Erbil, at a time when the country needs internal stability to protect it from the repercussions of regional crises.

https://baghdadtoday.news/284028-.html