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[size=35][size=35]Foreign oil companies deny the agreement to resume exporting Kurdistan oil[/size]
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03-03-2024 | 01:33
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Al-Sumaria News - Economy
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The Kurdistan Petroleum Industry Association, which represents oil producers and is known as APIKUR, announced in a statement that it had “not received any proposals” from Iraq or the Kurdistan Regional Government in this regard.
This came after local and Arab media circulated information from Foreign Minister Fouad that his country might amend its federal budget to pay recovery and transit fees to international oil companies, in an attempt to re-export crude oil via Turkey, as the closure of the pipeline between the two countries blocked about half a million barrels. of crude oil on global markets.
Iraq's export of oil from the Kurdistan Region and Kirkuk has stopped since March 2023, and the pumping of more than 450,000 barrels per day has stopped.
The discussion is mainly focused between Baghdad and oil production companies in the region, on transportation and recovery fees, which the Iraqi Foreign Minister said that their real cost is approximately $21 per barrel, compared to setting $6 per barrel in the budget.
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03-03-2024 | 01:33
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Al-Sumaria News - Economy
International oil companies operating in Kurdistan denied talk of reaching an agreement to resume oil exports via the Iraqi-Turkish pipeline.
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The Kurdistan Petroleum Industry Association, which represents oil producers and is known as APIKUR, announced in a statement that it had “not received any proposals” from Iraq or the Kurdistan Regional Government in this regard.
This came after local and Arab media circulated information from Foreign Minister Fouad that his country might amend its federal budget to pay recovery and transit fees to international oil companies, in an attempt to re-export crude oil via Turkey, as the closure of the pipeline between the two countries blocked about half a million barrels. of crude oil on global markets.
Iraq's export of oil from the Kurdistan Region and Kirkuk has stopped since March 2023, and the pumping of more than 450,000 barrels per day has stopped.
The discussion is mainly focused between Baghdad and oil production companies in the region, on transportation and recovery fees, which the Iraqi Foreign Minister said that their real cost is approximately $21 per barrel, compared to setting $6 per barrel in the budget.
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