The association of the Petroleum industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations among the Kurdistan local government (KRG) and the government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP).
The declaration follows a excessive-level meeting hung on twelfth July 2025 among international Oil corporations (IOCs) working inside the Kurdistan area – consisting of APIKUR participants – and representatives of each the KRG and GoI.
during the meeting, IOCs reaffirmed their readiness to right away resume oil exports as soon as binding agreements are signed that make sure:
payment reality for destiny exports, steady with every business enterprise’s present, legally valid contracts;
A mechanism for settling first rate arrears, to be agreed in my view with every agency;
transparent and spark off bills, both in coins or via in-type transfers of crude oil entitlements.
full announcement from APIKUR:
Member corporations of the affiliation of the Petroleum enterprise of Kurdistan (APIKUR) are thrilled to word that the negotiations between the Kurdistan nearby government (KRG) and the authorities of Iraq (GoI) have intensified to attain settlement to renew of oil exports via the Iraq-Türkiye Pipeline (ITP), with the goal to do so within the near time period.
in advance of these discussions, APIKUR member companies and representatives of different global Oil groups (IOCs) lively within the Kurdistan vicinity of Iraq participated in a assembly on July 12, 2025 with officials from the KRG and the GoI. on this assembly, IOCs reiterated that they’re organized to straight away resume exports thru the ITP once binding agreements are in area that ensure payment fact for such exports which reflect every IOC’s current, legally legitimate contractual terms as well as decision of the notable price arrears to be agreed with each company. All payments to be made directly and transparently in a manner ideal to the IOCs and the KRG, both in coins or via the transfer in their entitlement percentage of oil “in kind.”
“APIKUR member organizations stand equipped to renew exports as quickly as written agreements are carried out that honor our current contracts which might be governed with the aid of international law,” said Myles B. Caggins III, spokesman for the affiliation of the Petroleum industry of Kurdistan. “APIKUR has usually firmly held that our members’ production sharing contracts ought to be venerated in every admire and contributors have never participated in any conferences with any governmental body suggesting otherwise.”
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