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Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, said there is a serious effort underway to pass the long-awaited oil and gas law, pointing out that revenues from oil exported by the Kurdistan Region are now being transferred to Baghdad.
Speaking to dinaropinions.com, Karim said previous parliamentary terms witnessed ongoing disputes between Baghdad and Erbil, particularly over oil exports. At the time, the Kurdistan Region was exporting oil without a formal agreement with the federal government, which often led to disagreements over budget allocations.
He explained that an important agreement was reached last September under which oil produced in the Kurdistan Region would be delivered to SOMO, Iraq’s national oil marketing company.
According to Karim, the region’s oil is now being marketed and sold through SOMO, bringing exports under a unified national framework.
He added that all revenues generated from these oil sales, including those from the Kurdistan Region, are deposited into the state treasury, meaning the funds ultimately go to Baghdad.
Karim said this arrangement has helped reduce tensions between the two sides and could create the right environment for passing the oil and gas law, which has been delayed for years due to political disagreements.
He expressed hope that the current initiative will move forward and lead to the approval of the law in the near future, helping establish a clearer framework for managing Iraq’s oil resources and revenues.





