Iraq Orders Immediate Delivery of Kurdish Oil to SOMO Amid Production Cost Assessment

Nov 5, 2024, 05:55 PM

The Iraqi cabinet has issued a directive requiring the immediate transfer of Kurdish oil production to the state-run oil company, SOMO. This decision was reported by various state news agencies and comes as part of an effort to consolidate control over oil resources. In conjunction with this move, Iraq's Ministry of Oil, in collaboration with the regional Ministry of Natural Resources, plans to appoint an international technical consultant to assess the fair estimated costs of oil production. This initiative underscores the ongoing tensions and complexities surrounding oil management in the Kurdish region.