ERBIL, Kurdistan Region - The Kurdistan Region has handed over eight million barrels of oil to Iraq's state oil marketing company since exports resumed in September.
"As of now, we have handed over eight million barrels of oil," Kamal Mohammed, Kurdistan Region's acting minister of natural resources, told Rudaw on Saturday, adding the process is proceeding "without a problem."
Oil exports from the Kurdistan Region resumed in late September after the federal government, the Kurdistan Regional Government (KRG), and international oil companies reached a three-month deal.
Their agreement ended a nearly two and a half year suspension of exports imposed after a March 2023 ruling by a Paris-based arbitration court that found Turkey had violated a 1973 pipeline agreement by permitting Erbil to independently export oil since 2014.
Under the current agreement, Kurdish oil is handed over to Iraq's State Oil Marketing Organization (SOMO), with a portion allocated for domestic use.
Mohammed said Erbil hands over an average "200,000 barrels of oil to SOMO on a daily basis."
The three-month agreement will expire on December 31, Hamdi Singary, deputy director of SOMO, told Rudaw in mid-October.
Iraq exported over 110 million barrels of oil during the month of October including more than five million from the Kurdistan Region and Kirkuk, up from September's 102 million barrels, SOMO announced last week.