Iraq states that the Kurdish region will begin transferring crude oil to the national oil marketing company SOMO for export.
Iraqi Federal Oil Minister Abdul Ghani Minister stated that the Iraqi federal government has reached an agreement with the Kurdistan Region, and the semi-autonomous region will begin transferring crude oil to the Iraqi national oil marketing company SOMO for export. Kurdistan's oil exports have been stalled for nearly two and a half years since March 2023 due to disputes over export authorization. Although there have been some breakthroughs in negotiations in recent months, disagreements still persist.
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