Economy News - Baghdad On Wednesday, the Kurdistan government reaffirmed its commitment to implementing amendments to the budget law, facilitating the export of the region's oil through SOMO, and ensuring
Turkey's Jihan Port Readies for Oil Exports from Kurdistan Region Overview The Undersecretary of the Ministry of Oil for Extraction Affairs, Mohamed Khudair, has confirmed that Turkish representatives have indicated
SOMO Oil Marketing Company Reports Significant Oil Derivatives Exports for Q4 2024 Baghdad – The SOMO Oil Marketing Company has announced that it plans to export over 4 million tons
Ministry of Oil Invites Foreign Companies to Discuss Kurdistan Oil Contracts The Ministry of Oil in Iraq has extended an invitation to international oil companies operating in the Kurdistan region
Potential Sanctions on Iraq Amid Oil Export Uncertainty The current discourse surrounding Iraq’s oil exports from the Kurdistan Region illustrates a landscape of conflicting narratives regarding the possibility of U.S.
Iraqi President Approves Budget Law Amendment Regarding Kurdistan Oil Exports In a significant development for Iraq's fiscal policies, President Abd al-Latif Rashid has sanctioned the first amendment to the Iraqi
Progress on Oil Transfer from Kurdistan to SOMO The Iraqi Oil Minister has announced that the process of transferring oil operations in the Kurdistan Region to the Iraqi Oil Marketing
Oil Production Transfer Between Kurdistan Region and Federal Government Overview of Oil Handover Procedures The Minister of Oil, Hayyan Abdel-Ghani, announced on February 3, 2025, the initiation of processes to
Iraqi Oil Exports to Jordan: A Year in Review In 2023, Iraqi oil exports to Jordan demonstrated significant volume, totaling over 3.6 million barrels. According to data released on the
Amid escalating tensions between Baghdad and Erbil, the Kurdistan Regional Government (KRG) has articulated a pivotal condition regarding the transfer of its internal revenues to the federal government in Baghdad.