Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners
Al-Nunu from Sharm el-Sheikh: Mediators are making great efforts to remove any obstacles in the way of implementing the ceasefire, and a sense of optimism now prevails among all parties

Foreign oil contracts in Iraqi Kurdistan not affected by Baghdad deal

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Apr 2023 17:52
3 Min Read

This comes after Baghdad and Erbil earlier reached a deal to restore oil exports to Turkey through the Iraqi-Turkey line after halting it for almost a week.

  • x
  • Foreign oil contracts in Kurdistan not affected by deal with Baghdad
    A worker in an oil field in Iraq (Reuters)

The oil agreement that was concluded on Tuesday between Baghdad and Erbil will not affect the contracts of foreign companies operating in the Iraqi Kurdistan region, Sputnik said, citing a member of the Kurdistan Democratic Party (KDP) bloc in the Iraqi parliament.

Responding to a question about whether foreign oil companies in Kurdistan will receive guarantees from the agreement, Amanji Harki said responded, "Yes, for sure. The only thing that will change is that the sale will be through the SOMO company, and nothing else will change with regard to contracts, the way companies treat you, welcome you, etc."

Harki also indicated that the two oil and gas budget laws will be adopted within 2-3 months.

“The first step will be a permanent agreement on the budget law, which makes the agreement reached yesterday effective, and after the budget law is approved, the oil and gas law will be developed and put to a vote in parliament, so we are talking about a time frame of 2-3 months," he said.

Read more: To appease 'Israel', US asks Iraq, Turkey to resume Kurdistan oil flow

Related News

Gaza must remain Palestinian, Palestinians must govern Gaza: Erdogan

Mass rallies in Turkey in show support for Gaza

On Tuesday, the Iraqi government and Erbil signed an agreement stipulating that Baghdad assumes full supervision over the export of oil from the Iraqi Kurdistan region's fields, which allows the resumption of oil exports again through the Turkish port of Ceyhan; the Iraqi-Turkish pipeline.

Oil from the Iraqi Kurdistan Region will be sold and exported through Iraqi state-owned firm SOMO, and sales returns will be deposited in Baghdad's central bank under Erbil's control, while the Iraqi government will have access to the account and auditing authority.

Last week, exports of nearly 450,000 barrels per day to Turkey have been stopped due to a ruling by a Paris Court of Arbitration that Ankara violated a bilateral treaty with Baghdad by allowing Iraqi Kurdistan to launch independent oil exports in 2014.

Read more: US backing bipartisan severe corruption in Iraqi Kurdistan region: FP

Reuters reported earlier that Baghdad and Erbil finalized an agreement on Tuesday to restore oil flow into the Iraq-Turkey pipeline. Prime Minister of Iraq's Kurdistan Region Masrour Barzani then went to Baghdad and formalized the deal with Iraqi Prime Minister Mohammad Al-Sudani.

"Everyone must abide by this agreement and implement it," Al-Sudani said in a joint press conference with Barzani, adding that the agreement was temporary until the budget bill is approved by the parliament.

The bill "will cover all obligations and solve all problems," the Iraqi PM concluded.

  • Turkey
  • Iraq
  • Kurdistan

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS