Baghdad, Erbil reach oil deal to resume exports after halting shipments in 2023 – Middle East Monitor

Iraq announced Thursday it reached an agreement with the Kurdish Regional Government (KRG) to resolve a long-running dispute over crude oil exports from the northern region, Anadolu agency reported.

The deal could potentially end a suspension that has cost more than $25 billion in lost revenue.

The KRG will immediately begin delivering its full oil output to Iraq’s state oil marketing company, SOMO, according to a statement from Prime Minister Mohammed Shia…