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Iraq-Turkey Oil Flows Restart Talks Resumed

OIL

Oil officials from the Iraqi Federal government met with representatives of the Association of the Petroleum Industry of Kurdistan (APIKUR) on Wednesday to discuss the resumption of Iraq’s northern flows via the pipeline to the Turkish port of Ceyhan according to Reuters.

  • Oil and gas firms that have some kind of interest in the upstream oil and gas contracts in the Kurdistan region are part of APIKUR.
  • Both sides emphasized the urgency to resume production and exports under mutually acceptable terms but no agreement on the restart has been reached.
  • “The meeting was an initial step…we anticipate future meetings with all stakeholders”, Myles Caggins, APIKUR spokesperson, said.
  • Turkey’s energy minister Alparslan Bayraktar said in October that the pipeline to Ceyhan is prepared for shipments to begin. BOTAS informed Iraq’s SOMO on 2 October that the pipeline is ready as of 4 October.
  • Iraq’s Prime Minister Shia Al-Sudani said end-October that oil the government and oil companies are currently negotiating contracts regarding oil production costs. The oil companies pledged to be able to restart production within a month once an agreement has been reached.
Energy BulletsCommodities
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