Draw Media
The KRG delegation returned to Erbil, they heard the voices of Baghdad officials. Unlike in the past, Iraqi oil officials told the regional government delegation that there was nothing left in the name of negotiating and agreeing on the region's oil issue. Now is the time for negotiations and discussions on how to hand over the oil.
"There is a federal court decision that does not carry interpretations, so we cannot discuss the region's oil case, we can only discuss with you how to hand over oil," they told the regional government delegation. The KRG has to open a special bank account for oil revenues. “Baghdad should be aware of all oil revenues and know-how that income is spent and where it goes.”
According to Draw’s information, the Kurdistan Regional Government is making every effort to prevent oil from being delivered to Baghdad, and sending the delegation is only to get Baghdad officials' attention on how to deal with the region's oil.
A source from the Kurdistan Regional Government's delegation told Draw that Iraqi oil ministry officials were speaking much differently, unwilling to discuss any agreement. They just wanted to say that the region should be preparing to hand over the oil process, “the agreement on the oil issue is not a subject to discuss, the federal court had brought the issue to an end.”

In a statement, the Ministry of Oil talked about the discussions:
🔹 All oil contracts in the region will be reviewed.
🔹 opening a bank account from an international bank for the region's oil revenues 
🔹 Transfer oil contracts from the region's ministry of natural resources to the Iraqi oil ministry and the company we intend to build.
🔹 Transfer the second side of the contract from the regional government to the Iraqi ministry of oil.