Iraq & Kurdistan Finally Reach Oil Deal! Exports to Resume Soon
After months of negotiations, Iraq and the Kurdistan Regional
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Government (KRG) have reached a major oil agreement that could reshape the country’s energy future.
In this video, we break down today’s important decision by the Iraqi Council of Ministers, which voted on new mechanisms for handling foreign oil companies and the handover of Kurdish oil to Baghdad. Under the deal, only 50,000 barrels will be used for domestic consumption, while the rest will go to SOMO for export — a long-awaited resolution to a key dispute that has limited Iraq’s oil revenues.
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