According to information obtained by the Kurdish media network Rudaw from sources, which it described as high-profile, that a positive meeting was held between representatives of the Kurdistan region and the federal government in Baghdad yesterday, Friday, which resulted in an agreement on a new mechanism for selling the oil of the Kurdistan region in a joint way.
This meeting will be followed by other meetings to agree on oil contracts for the Kurdistan region and find new buyers for the region’s oil from the port of Ceyhan, jointly, in addition to the existing buyers, in a step that would reassure the producing companies and buyers.
The President of the Kurdistan Region, Nechirvan Barzani, had sent a message to Prime Minister Muhammad Shia al-Sudani, and the PM of the Kurdistan Regional Government, Masrour Barzani, held talks with the Prime Minister during a telephone conversation.
According to the information of Rudaw Media Network, all companies that were buying the oil of the Kurdistan region have been informed of the need to sign new contracts, as the oil of the Kurdistan region will be sold from now on according to international prices, that is, it will not be sold for $10 less, but rather at the price at which a marketing company sells it. Iraqi Oil – SOMO Oil, and with this agreement, the sale of the Kurdistan region’s oil will be approved by the Iraqi government.
Earlier, international oil companies confirmed that there is a great opportunity to reach an agreement between the Kurdistan Regional Government and the federal government to resume oil exports.
Source: National Iraqi News Agency