🧠 Historic Oil Agreement Between Baghdad and Kurdistan Region 🛢️🤝

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 🧠 Historic Oil Agreement Between Baghdad and Kurdistan Region 🛢️🤝

🏛️ Al-Sudani: "We Waited 18 Years for This"

Prime Minister Mohammed Shia al-Sudani has officially announced a "historic" oil agreement with the Kurdistan Region — a breakthrough moment after nearly two decades of disputes.
🛢️ Under this deal, Iraq’s federal Ministry of Oil will now receive and export crude oil from Kurdish fields via the Iraq-Turkey (Ceyhan) pipeline.

⚖️ Equitable Wealth Distribution & Investment Boost

Al-Sudani described the agreement as a step that will:

🔄 Tripartite Agreement Unlocks Oil Flow

The agreement was signed by:

  • The Kurdistan Ministry of Natural Resources

  • The Iraqi Ministry of Oil

  • Private oil companies operating in the region
    🚀 Exports are expected to resume within days — 450,000 barrels/day were previously halted, costing $30+ million/day in combined losses.

🗳️ Beyond Oil: A Political Milestone

Experts note this isn’t just a technical oil deal — it’s a political realignment:
🤝 Rebuilding  trust between Baghdad and Erbil
💰 Opening paths to resolve:

  • Kurdistan employee salaries

  • Federal budget allocations

  • Oil field management rights

🌍 Global Impact

This agreement is also expected to:

  • Stabilize Iraqi oil supplies to global markets

  • Support European energy demands amidst ongoing geopolitical tensions

  • Bring contract clarity with foreign oil companies


💥 Key Takeaways:

  • 🛢️ Historic oil export agreement signed — after 18 years of gridlock

  • 🔓 Exports via the Ceyhan pipeline to resume in days

  • 💰 Stops $30M+/day in financial losses

  • 🗳️ Opens political doors: salaries, budgets, autonomy

  • 🌍 Boosts global oil stability — especially for Europe


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