DUBAI, Sept 23 (Reuters) - A deal to restart Iraq's
Kurdistan oil exports stalled on Tuesday as two oil producing
firms asked for assurances their debts would be repaid.
The deal between Iraq's federal and Kurdish regional
governments and oil firms is designed to lead to the resumption
of exports of about 230,000 barrels per day of oil from
Kurdistan to global market via Turkey. They have been suspended
since March 2023.
Iraq's cabinet was scheduled to approve on Tuesday the deal
involving oil producers active in Iraqi Kurdistan. It was not
immediately clear if the deal could go ahead without DNO and
Genel's participation.
Norway's DNO, the largest producer in the
semi-autonomous region, and Genel Energy ( GEGYF ) said they had
yet to sign as they wanted assurances on repayments of arrears.
DNO said it had proposed "easy fixes that can be quickly
agreed" without saying what they were.
Kurdistan has accumulated around $1 billion in arrears to
producers with DNO's estimated share of overdue receivables at
about $300 million.