Dr. Kamal Mohammed, Acting Minister of Natural Resources in the Kurdistan Region, announced that current oil production levels in the region’s fields have reached between 250,000 to 270,000 barrels per day.

He stated: “Since the resumption of exports, a total of 22 million barrels of Kurdistan’s oil have been sold through the national company SOMO.”

Extension of Erbil–Baghdad Agreement
Regarding the future of oil relations, the minister revealed that the oil agreement between the Kurdistan Regional Government (KRG) and the Federal Government has been extended until March 31, 2026. He emphasized that there are currently no legal or technical obstacles to Kurdistan’s oil exports, and the process is proceeding smoothly.

Securing Kurdistan’s Share of the Budget
Mohammed also highlighted that the KRG is working to secure the region’s share in Iraq’s federal budget. For this purpose, the KRG remains in ongoing dialogue with Baghdad. He noted that the regional government has prepared a comprehensive plan to ensure that financial matters and budget allocations become a central foundation for future negotiations with the federal government.

One Year Since the Agreement
The resumption of Kurdistan’s oil exports followed a political agreement announced on September 25 of last year by Iraqi Prime Minister Mohammed Shia’ Al-Sudani. The very next day, on September 26, Kurdistan’s oil exports through pipelines to Turkey’s international port officially restarted.