The Kurdistan Regional Government (KRG) and Baghdad confirmed an agreement on September 16th, 2025, to transfer oil from the Kurdistan Region to the Iraqi federal government. The specifics of the deal, including the timeline and volume of oil to be handed over, were not immediately disclosed but signify a resolution to long-standing disputes over oil revenue. Channel8 reported the agreement, stating it marks a significant step towards normalizing oil exports and revenue sharing between the two entities. This development is expected to impact Iraq's overall oil production and its fiscal relationship with the semi-autonomous region. Further details regarding the implementation and oversight of this agreement are anticipated in the coming days as officials from both Baghdad and the KRG are expected to provide more information on the terms.
