KRG, Iraqi government yet to agree on Kurdistan oil exports: APIKUR

The Nihran Bin Omar oil field flare stacks burn north of Basra, Iraq, Wednesday, March 22, 2023. In the wake of the US invasion of Iraq in 2003 and toppling of Saddam Hussein, foreign investors flocked to the country's abundant oil fields and contracts were doled out, filling Iraqi state coffers. The new constitution drafted in 2005 states that the country's oil wealth belongs to the Iraqi people. (AP Photo/Nabil al-Jurani)

The Kurdistan Regional Government (KRG) has yet to reach an agreement with the Iraqi government to resume oil exports from the Kurdistan Region, according to the Association of the Petroleum Industry of Kurdistan (APIKUR).

“We reject the remarks of some Iraqi government officials that there is an agreement between the Kurdistan Regional Government and international companies to resume oil exports through the Iraqi-Turkish oil pipeline,” APIKUR said in a statement.

“We do not understand the motives for spreading such false information,” it said.

“No positive progress was made in the last meeting between the Iraqi government, the KRG, and the companies.,” the statement added.

APIKUR, comprising six oil companies in the Kurdistan Region, was responsible for producing 50 percent of the Region’s oil before the suspension of oil exports to Turkey.

Since March 25, 2023, the International Court of Arbitration in Paris has suspended oil exports from the Kurdistan Region following a complaint filed by Iraq against Turkey.

The statement came following a remark made by Iraqi Foreign Minister Fuad Hussein, who claimed that “Baghdad and Erbil have reached an agreement on oil exports.”

“When we spoke to the Kurdistan Regional Government, they assured us of their readiness to resume oil exports. They believe that certain issues won’t impede progress, as both parties have reached an agreement” he said.