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Oil Companies Want Kurdistan Payment Issue Settled Before Resuming Exports

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The international oil companies that operate in Kurdistan have said that they will not produce oil in the region until they have clarity about payments.

The international oil companies operating in Iraq’s semi-autonomous region of Kurdistan will not be producing oil for exports until they have clarity about overdue and future payments and sales terms, Norwegian firm DNO, one of the six members of the Association of the Petroleum Industry of Kurdistan APIKUR, said on Thursday.

In a statement on Thursday, Norway’s DNO said “According to a recent statement by the Prime Minister of Iraq, Baghdad and Ankara are prepared to recommence flows from Kurdistan as soon as certain unspecified agreements between the international oil companies and Iraq and Erbil are reached.

 

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