Kurdish Oil Export Talks Postponed Due to Financial Disputes
Discussions on resuming oil exports from Iraq’s Kurdistan region have been delayed due to disagreements over payment terms between oil companies and the oil ministry. Originally set for Tuesday, the talks have been pushed to Thursday following unproductive initial meetings on Sunday. The Kurdistan Oil Industry Association emphasized the absence of formal agreements on commercial terms and payment guarantees.
Talks for resuming oil exports from Iraq’s semi-autonomous Kurdistan region have been postponed until Thursday due to ongoing financial disputes between oil companies and the oil ministry. Originally scheduled for Tuesday, the discussions were delayed after initial meetings on Sunday concluded without an agreement on crucial payment terms for foreign companies operating in the region.
The meeting was convened after Iraqi Oil Minister Hayan Abdel-Ghani indicated that the Iraq-Turkey pipeline, which has been inactive for the past two years, would soon restart its exports. However, the Association of the Petroleum Industry of Kurdistan (APIKUR), representing eight companies that account for 60% of the region’s production, noted that no formal agreements have been clarified regarding commercial terms and payment guarantees for past and future exports.
In summary, the discussions regarding the resumption of oil exports from Kurdistan have been deferred due to unresolved financial disputes between oil companies and the Iraqi oil ministry. The lack of clarity on payment agreements continues to hinder progress, despite assurances from the Iraqi government regarding the reopening of the export pipeline.
Original Source: www.lbcgroup.tv
