• Wednesday, 19 June 2024

APIKUR Clarifies Misattribution in Kurdistan Region-Turkey Pipeline Reopening Impasse

APIKUR Clarifies Misattribution in Kurdistan Region-Turkey Pipeline Reopening Impasse

The Association of the Petroleum Industry of Kurdistan (APIKUR) has issued a statement refuting recent media claims that blame International Oil Companies (IOCs) for the ongoing stalemate in reopening the Kurdistan Region-Turkey Pipeline.

APIKUR emphasized the necessity of tripartite discussions involving the Iraqi Federal Government, the Kurdistan Regional Government (KRG), and IOCs to achieve a mutually beneficial resolution. The association stressed that attributing the delay to the inflexibility of the IOCs is inaccurate.

"Recent reports suggest that ongoing talks have stalled due to an intransigent position taken by international companies. However, APIKUR clarifies that no joint discussions between the companies and representatives of the KRG and federal government have occurred since January 7-9, 2024," the statement read.

APIKUR member companies have reiterated their readiness to resume oil exports, provided that agreements ensuring payment for past and future exports, direct payment, and the preservation of commercial terms are reached.

"Should such agreements require modifications to existing contracts, APIKUR member companies are willing to consider this if agreed upon by the Iraqi Federal Government, the Kurdistan Region, and individual companies," APIKUR noted.

Myles Caggins, spokesman for APIKUR, highlighted the association’s stance: "APIKUR’s member companies believe tripartite talks between Iraq, KRG, and the international companies are the best way to find solutions that will lead to the resumption of exports. Our member companies stand ready to constructively participate in any such talks."

APIKUR, consisting of eight member companies, represents international upstream oil and gas firms with interests in the Kurdistan Region. The association aims to promote the region as an attractive destination for international oil and gas companies, service providers, and investors.

The pipeline, critical for regional oil exports, has remained closed, impacting both economic and political dynamics in the area. APIKUR's statement underscores the need for comprehensive and collaborative dialogue to break the current deadlock and resume exports.