Leaders in Erbil and Baghdad confirmed progress after long negotiations. They finalized oil export talks and also reached an understanding on non-oil revenues. Officials described the outcome as a balanced step toward cooperation.
They announced that the results will soon move to the Council of Ministers. Decision makers there will review the agreement and give a final endorsement. Authorities said this process will strengthen trust between both sides.
Moreover, they emphasized that oil exports remain a vital economic lifeline. They stressed that stability in this sector will help guarantee salaries, services, and development. In addition, the inclusion of non-oil revenues highlights the push to diversify income.
Observers noted that both sides faced pressure to find common ground. Regional leaders wanted secure exports, while Baghdad sought unified financial oversight. As a result, the deal represents compromise and shared responsibility.
Officials also underlined the importance of transparency. They explained that revenue sharing must follow clear mechanisms. This approach, they argued, will reduce disputes and provide a foundation for long-term cooperation.
Through this agreement, leaders hope to ease tensions and focus on growth. They also signaled that continued dialogue remains necessary for future stability.