The affiliation of the Petroleum enterprise of Kurdistan (APIKUR) has said its member companies will not resume crude oil exports through the Iraqi-Türkiye Pipeline (ITP) until the government of Iraq (GOI) guarantees contract sanctity and charge for beyond and destiny exports.
complete declaration from APIKUR:
distinctive worldwide Oil groups (IOCs), along side the Kurdistan regional authorities, have been negotiating in exact faith with the authorities of Iraq (GOI), which include without delay with top Minister Sudani’s workplace, to attain a decision to renew exports thru the Iraqi-Türkiye pipeline in accordance with our legal agreements and the Iraqi finances regulation.
We apprehend these days the Ministry of Oil has verified it’s miles unwilling to barter an answer that honors IOCs contract sanctity and is attempting to set up a system to unilaterally regulate the monetary framework of prison and valid contracts between the KRG and IOCs.
these actions by means of the Ministry of Oil aren’t appropriate, and the member groups of APIKUR will now not resume exports till there is dedication from the GOI to honor our contracts along with payment surety for beyond and future exports.
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