Iraq has invited international oil companies and Kurdistan’s energy regulator to resume crude exports, following years of disputes over revenue and costs. A meeting is scheduled for March 4 in Baghdad to discuss contracts and agreements. Despite indications of resuming exports, disagreements over payments and commitments persist.
Iraq has officially invited international oil firms and the Kurdistan energy regulator for discussions aimed at resuming crude oil exports from the semi-autonomous Kurdistan region. These talks follow a prolonged conflict regarding revenue sharing and operational costs. The federal Oil Ministry scheduled a March 4 meeting in Baghdad with the Association of the Petroleum Industry of Kurdistan (Apikur), which represents eight companies responsible for over 60% of Kurdistan’s oil production.
The Iraqi government is seeking to re-establish oil exports from the Kurdistan region to restore revenue amid ongoing challenges and disputes. Key issues include contracts, payment methods, and overall agreements that adhere to international standards. Although obstacles remain, upcoming talks may pave the way for the resumption of oil exports.
Original Source: www.thenationalnews.com
