An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

6 hours ago 1
ARTICLE AD BOX

 An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

Member of Parliament, Shwan Muhammad, said on Friday (June 27, 2025) that a comprehensive agreement between Baghdad and Erbil is likely to be reached soon, re-exporting Kurdistan's oil through SOMO and providing a solution to the months-long employee salary crisis.

Mohammed said in a press statement followed by "Baghdad Today" that "the agreement includes exporting the region's oil through the National Marketing Organization (SOMO), with the federal Ministry of Finance responsible for paying the dues of the operating oil companies, while providing guarantees that no obstacles will be placed in the way of the process."

The Kurdish MP explained that "the success of this agreement will have a direct impact on the salaries issue and pave the way for resolving the outstanding financial disputes between the two parties."

As the elections approach, Iraqi parties are preparing for internal and external challenges that require resolving disputes and strengthening the economic front. This is particularly true in light of declining oil exports and increasing international pressure on the federal government to ensure transparency in resource management. Meanwhile, Kurdish demands are escalating to end what has been described as the "collective punishment" policy of the region's employees through salary delays.  link

Read Entire Article