Draw Media

The Kurdistan Regional Government (KRG) has reached an agreement with the federal government to hand over oil to SOMO, In presence of Esmail Qaani, commander of Iran's paramilitary Quds Force. In return, the federal government has promised to give the position of deputy director of SOMO.

According to information obtained from several informed sources, last night at the Iraqi Foreign Minister Fuad Hussein’s house, a broad meeting between representatives of the Kurdistan Regional Government and the federal government has been conducted, and Esmail Qaani, commander of Iran's paramilitary Quds attended the meeting.

Draw Media has learned that The Kurdistan Regional Government (KRG) and the federal government reached a preliminary agreement to resume oil exports through Turkey.

The agreement is as follows:

• The Kurdistan Regional Government has agreed to hand over its oil to the Iraqi Oil Marketing Company (SOMO).

• A joint committee should be formed between the Kurdistan Regional Government and the Federal Government to monitor the process of exporting, selling oil from the region, and the Kurdistan Regional Government must gradually cancel all contracts with oil companies.

• The oil revenues of the region should be deposited in a bank account and the federal government should monitor the bank account as agreed by both sides in the 2023 draft budget.

•The position of deputy director of SOMO will be assigned to the Kurds and oil exports from Kurdistan will resume within two days.