ERBIL, Kurdistan Region – The KRG and the federal government of Iraq have reached an agreement to resume oil exports through the Ceyhan pipeline, marking a significant step toward easing ongoing economic pressures.
The deal follows a series of negotiations between Erbil and Baghdad aimed at resolving long-standing disputes over oil exports and revenue sharing. Both sides emphasized the importance of cooperation during a period of financial strain.
The KRG negotiating delegation reaffirmed its commitment to the agreement. Officials said the deal is based on constitutional partnership and national responsibility. They stressed that cooperation is essential to address current challenges.
The agreement includes measures to increase public revenues. Officials said restoring oil exports will play a key role in supporting the economy. They also noted that it will help address the ongoing financial crisis.
Both sides agreed to coordinate closely on implementation. They said technical and administrative steps are underway to ensure the smooth resumption of exports.
The Ceyhan pipeline has been a vital route for exporting oil from the Kurdistan Region to international markets. Its closure in the past had significant economic impacts on both Erbil and Baghdad.
Officials expressed hope that the agreement will strengthen trust between the two governments. They said it could open the door to resolving other outstanding issues.
The resumption of exports is expected to provide a major boost to public finances. Authorities believe it will also help improve overall economic stability.
Both the KRG and the federal government reaffirmed their commitment to continued dialogue. They stressed that cooperation remains key to ensuring long-term stability and shared prosperity.