The Prime Minister of Iraq has blamed oil companies operating in Kurdistan for the continued pause of exports from the region.
Oil companies operating in Kurdistan refuse to amend their contracts with the semi-autonomous region of OPEC’s second-largest producer Iraq , which has led to an impasse in the talks about resuming oil exports from Kurdistan , the Prime Minister of Iraq , Mohammed Shia Al-Sudani, said this weekend. “The companies refuse to amend, so the process stops at this point,” Al-Sudani said in a televised press conference on Sunday, as carried by Bloomberg.
, said that the international oil companies operating in Kurdistan would not be producing oil for exports until they have clarity about overdue and future payments and sales terms. In January this year, the foreign companies called on U.S. Congress for immediate action to help resolve halted crude oil exports from Kurdistan.
has written a letter to Congress in which it said “The export of oil is the foundation of Iraq’s economy, and all Iraqis will benefit when full production and global sales resume from the Kurdistan Region.” By Charles Kennedy for Oilprice.com
Kurdistan Crude Oil Exports Oil Companies Baghdad
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