Progress in Baghdad-Erbil talks over northern export restart
Under a provisional compromise deal, SOMO would take over selling crude and KRG would keep control of its oil revenue.
Iraqi Prime Minister Mohammed Shia al-Sudani (center right) meets with KRG President Nechirvan Barzani (center left) and Foreign Minister Fuad Hussein (second from right) on Nov. 22, 2022 in Baghdad. (Photo credit: Prime Minister's Office)
SULAIMANIYA - Leaders in Baghdad and Erbil have reached a provisional framework agreement that could lead to the restart of northern oil exports via Turkey, one week after they were taken offline in the aftermath of a landmark arbitration ruling.
According to a senior Iraqi official, whose account was corroborated by multiple people briefed on the talks, the two sides have agreed to a compromise arrangement: the Kurdistan Regional Government (KRG) will control its oil revenue, but the federal government's marketing company, SOMO, will sell the oil produced by the KRG.
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