After months of negotiations, Iraq and the Kurdistan Regional
Government (KRG) have reached a major oil agreement that could reshape the country’s energy future.
In this video, we break down today’s important decision by the Iraqi Council of Ministers, which voted on new mechanisms for handling foreign oil companies and the handover of Kurdish oil to Baghdad. Under the deal, only 50,000 barrels will be used for domestic consumption, while the rest will go to SOMO for export — a long-awaited resolution to a key dispute that has limited Iraq’s oil revenues.
Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...We also discuss the decision to compensate foreign companies not with cash, but with oil they can sell directly on the global market, and the next steps for the tripartite agreement involving Baghdad, Erbil, and the companies themselves. The Oil Ministry’s advisory committee is expected to give its final decision within 48 hours, potentially paving the way for full resumption of exports.
📈 Why this matters:
This deal could bring much-needed stability to Iraq’s budget, rebuild trust with international oil firms, and restore millions in lost revenue.
