Channel8 has learned that total oil production in the Kurdistan Region has reached about 145,207 barrels per day, and Iraq will closely monitor the production, quality, and measurement of crude, with all output accounted for by SOMO.

According to the agreement between Erbil and Baghdad, crude oil exports from the Kurdistan Region will be conducted in line with Iraq’s General Budget Law No. 13 — the three-year budget — and Iraqi Council of Ministers Decision No. 36.953, issued on July 17, 2025.

The agreement follows meetings in Erbil attended by representatives from the Kurdistan Region’s Ministry of Natural Resources and the Iraqi Oil Ministry.

The Ministry of Natural Resources has stated it is ready to resume oil production and exports immediately. While current production stands at around 145,207 barrels per day, it is expected to reach 230,000 barrels per day under the agreement and in line with Iraq’s requirements.

An evaluation and measurement committee will review relevant documents and visit the Kurdistan Region’s oil fields.

Both ministries agreed to designate the Pishkhabur measuring station as the primary point for determining the quantity and quality of crude destined for Turkey’s Ceyhan port. The Iraqi Oil Ministry will oversee the crude received after Pishkhabur, while the Turkish company BOTAS will handle crude received from the Kurdistan Region under the Iraq-Turkey agreement.

SOMO will receive a daily summary of crude production from Kurdistan Region fields, after deducting 50,000 barrels allocated for current and future domestic needs.

The Ministry of Natural Resources announced on Wednesday that the export mechanism agreement was signed by 23 delegates from both sides, including 17 from the Iraqi Oil Ministry. The ministry confirmed that once domestic needs of 50,000 barrels are met, the remainder of the oil will be delivered to SOMO for export.

Meanwhile, talks on revenue sharing are continuing. A senior KRG source told Channel8 that 120 billion dinars in non-oil domestic revenue are ready to be transferred to the federal government, pending “technical measures,” and that oil companies will be briefed on the agreement’s details.

A source in the Council of Ministers said discussions on non-oil revenues are progressing positively, with officials awaiting Iraqi Foreign Minister Fuad Hussein’s message to guarantee the Kurdistan Region’s salary entitlements.