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Dispute over arrears stalls Kurdistan oil exports restart
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Dispute over arrears stalls Kurdistan oil exports restart
Sep 23, 2025 4:15 AM

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.

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