Iraqi parliament member Karwan Yarwais stated that the response of the State Council regarding the oil and non-oil revenues of the Kurdistan is 17 pages long and “is not conclusive" and noted, “If the tripartite agreement between Erbil, Baghdad, and the companies on the export of oil from the Kurdistan Region is signed by Tuesday, the problem of non-oil revenues will be easy to solve, because the main problem is oil.”

Speaking to Channel8 in an interview, Yarwais stated that the State Council’s response has been submitted to the office of Prime Minister Mohammed Shia al-Sudani.

He explained that the answer is written in a lengthy analysis and allows for many interpretations.

Yarwais remarked that the State Council’s response will be discussed at a meeting of the Council of Ministers, which will also review other options to resolve non-oil revenues. These options could include the handover of 120 billion dinars or half of the total non-oil revenue.

Tripartite oil agreement ready for signing

Regarding the resolution of the oil issue between the two governments and the companies, the parliament member highlighted that the tripartite agreement on oil exports from the Kurdistan Region is ready.

Yarwais said the three sides have agreed on the content, and it only remains to be signed, provided there are no obstacles and it is not canceled.

According to him, the Kurdistan Region’s current oil production exceeds 230,000 barrels, with 180,000 barrels to be delivered to SOMO, while companies can resort to the Paris Arbitration Court in case of a contract violation.

Agreement duration still undecided

Yarwais further said that it has not yet been decided how long the agreement will last, noting that the options are either three months or until the 2026 budget is approved by the Iraqi parliament.