Iraq oil export agreement nears finalization as Baghdad and Erbil intensify talks to resolve their long-standing energy dispute. Both sides continue meeting with determination, aiming to secure a clear and lasting deal that restarts oil pumping from the Kurdistan Region.
The director of the State Oil Marketing Company said Baghdad and Erbil held many intensive discussions over the past months. Both governments engaged directly with international oil companies, and they worked closely with ministries to align every technical detail. These talks focused on creating a precise mechanism for moving oil from the Kurdistan Region to international markets.
The negotiations gained momentum because both sides understood the heavy losses caused by suspended exports. With no oil flowing for more than a year, producers and investors grew frustrated, while Iraq missed out on valuable revenue. Therefore, both governments recognized the urgency of resolving the crisis and rebuilding trust with international energy partners.
Baghdad emphasized the importance of reassuring foreign companies operating in the Kurdistan Region. Investors demanded guarantees for payment, and Iraqi officials pledged to meet those demands. By ensuring regular compensation for companies, the government hopes to restore confidence and attract more energy investments into the country.
Erbil also showed flexibility, stressing its readiness to cooperate with the federal government. Regional leaders highlighted that oil exports benefit the whole country, not just the Kurdistan Region. They agreed that coordination with Baghdad offers the best path to stability in the energy sector.
The final stages of the Iraq oil export agreement include clear financial arrangements and transparent oversight. These steps help both governments share responsibilities and avoid future disputes. In addition, international companies welcomed the progress, noting that such guarantees ensure stability in their contracts and long-term planning.
Once signed, the agreement will restart pumping operations and bring oil revenues back into national accounts. Both sides hope the deal strengthens economic growth, supports development projects, and boosts Iraq’s position in the global energy market. Moreover, the successful completion of the Iraq oil export agreement may inspire further cooperation between Baghdad and Erbil in other sectors.