Iraqi PM, Kurdish President talk oil exports resumption

Shafaq News – Baghdad / Erbil

On Saturday, Iraqi Prime Minister Mohammed Shia al-Sudani and the Kurdistan Region’s President Nechirvan Barzani discussed the recent agreement on oil re-exports and financial entitlements.

According to a statement by the Kurdish presidency, al-Sudani expressed hope the deal would help address wider challenges.

For his part, Barzani indicated that the agreement creates new opportunities for cooperation, stressing the importance of advancing the “long-delayed” Oil and Gas Law and resolving pending disputes between the two sides.

Oil exports from the Region resumed after a two-year halt, restoring nearly 200,000 barrels per day under a deal giving Baghdad control of sales while securing budget transfers for Erbil.

Read more: Pipe dream or partnership? Iraq’s oil restart tests a fragile federal compact