The Federal Government and the Kurdistan Regional Government have concluded a final agreement to resume pumping and exporting crude from Kirkuk and the region towards the Turkish port of Ceyhan. Initial pumping volume is estimated at approximately 350,000 barrels per day.

This strategic move, detailed by Dijla Point News, serves as a rapid remedy for the supply deficit at southern terminals. The agreement includes a transparent mechanism for settling foreign companies' debts in the region, with revenues deposited into a bank account under Baghdad's supervision.

This agreement is expected to boost total Iraqi exports in international markets and secure the necessary financial liquidity to cover the general budget expenses and fund vital projects.