APIKUR: Ready and Eager to Resume Kurdistan Region Oil Exports
ARK News.. The Association of the Petroleum Industry of Kurdistan (APIKUR) has issued a new statement regarding the resumption of oil exports from the Kurdistan Region.
In a post on its official account on the X platform, APIKUR stated: “We are very eager to resume oil exports and have always sought to engage in discussions with Baghdad.”
The association further explained that “our production operations have been severely impacted by the closure of the Iraq-Turkey pipeline, forcing us to sell oil at significantly lower prices than the global market rate. Currently, the global price is nearly double the local market selling price.”
APIKUR highlighted that “the export suspension has resulted in revenue losses of $400 million for the association’s member companies.”
The statement concluded with: “We are prepared to resume oil exports once an agreement is reached with both the Iraqi government and the Kurdistan Regional Government. It is crucial to safeguard our rights, and we have conveyed this message to all relevant parties.”
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