BAGHDAD,— Iraq’s Ministry of Oil has invited international oil companies operating in the Kurdistan region under the Association of the Petroleum Industry of Kurdistan (APIKUR) and other firms contracted by the Kurdistan Regional Government (KRG) to a meeting in Baghdad on March 4, according to a statement released on Saturday.
Later, the oil ministry said in a statement that it has postponed the meeting with foreign oil firms to next Tuesday, March 11.
The discussions aim to address existing contract concerns and establish agreements that follow international standards for oilfield operations while protecting Iraq’s economic interests, the ministry said.
Officials from the Kurdistan Region’s Ministry of Natural Resources are also expected to take part in the talks.
The meeting comes as Baghdad and Erbil continue efforts to regulate oil production and exports in the semi-autonomous region.
However, eight international oil firms operating in Kurdistan have said they will not restart oil exports through Turkey’s Ceyhan port, despite an announcement from the Iraqi government that shipments were expected to resume soon.
Baghdad had stated on Friday that oil flows were set to restart within hours, beginning with an initial volume of 185,000 barrels per day (bpd) via the state oil marketer SOMO, with plans for gradual increases.
APIKUR, which represents 60% of the Kurdistan region’s oil output, later clarified that it had not received formal communication regarding commercial terms or guarantees for outstanding and future payments.
(With files from Reuters)
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