The Kurdistan Regional Government (KRG) Ministry of Natural Resources (MNR) on Wednesday announced that they had reached a deal with the Iraqi Ministry of Oil on a new mechanism for oil exports from the Kurdistan Region of Iraq.

According to the MNR statement, the agreement was finalized following a series of joint meetings that began on July 17, 2025 and included site visits to all oil fields in the region.

On August 11, delegations from both sides – comprising 23 members, including 17 representatives from the Iraqi Ministry of Oil – signed the agreement.

Under the terms of the agreement, 50,000 barrels per day will be allocated for domestic consumption within the Kurdistan Region, with the remainder transferred to the State Organization for Marketing of Oil for export.

However, the statement added that the resumption of oil exports from the Kurdistan Region will require the federal government of Iraq to coordinate with the Republic of Turkiye and implement the agreed export procedure.

On March 25, 2023, Kurdish crude oil exports through Turkey were stopped after an international arbitration court ruled in favor of Baghdad against Ankara, halting 450,000 barrels per day of crude oil exports to international markets.

Furthermore, on July 21, 2025, the Turkish government decided not to renew the agreements and protocols signed between Turkey and Iraq since 1973 regarding oil exports.