APIKUR Reaffirms Contractual Demands as Talks Advance on Iraq-Türkiye Oil Exports
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2025-07-14 09:09:08
The Association of the Petroleum Industry of Kurdistan (APIKUR) has expressed support for the potential restart of oil exports through the Iraq-Türkiye Pipeline (ITP), while reaffirming its firm stance on key contractual obligations.
APIKUR welcomed the recent increase in negotiations between the Kurdistan Regional Government (KRG) and the Iraqi federal government (GoI) aimed at restoring oil exports via the ITP in the near future.
On July 12, 2025, representatives from APIKUR member companies and other international oil firms operating in the Kurdistan Region met with officials from both the KRG and the GoI. During the meeting, the companies restated their readiness to resume exports immediately, provided that legally binding agreements are established. These agreements must guarantee timely and transparent payments aligned with each company's existing contractual rights and include the settlement of any outstanding arrears. Payment methods should either be in cash or through in-kind transfers of oil entitlements, acceptable to both the companies and the KRG.
“Our member companies are ready to restart exports as soon as signed agreements uphold our existing, internationally governed contracts,” said Myles B. Caggins III, APIKUR’s spokesperson. He emphasized that APIKUR has always insisted that production sharing contracts be fully respected and clarified that its members have never been involved in any discussions suggesting a departure from those agreements.
