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APIKUR represents 60% of Kurdish production
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APIKUR says no formal outreach or agreement on payment
surety
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U.S. piling pressure on Iraq to resume exports
(Changes headline, recasts after APIKUR statement)
By Maha El Dahan and Jana Choukeir
DUBAI, Feb 28 (Reuters) - Eight international oil firms
operating in Iraq's semi-autonomous Kurdistan region said they
would not resume oil exports through Turkey's Ceyhan on Friday
despite an announcement from Baghdad that the restart was
imminent.
The United States has been pushing Baghdad to allow Kurdish
oil exports via Turkey, a move that could boost supply to the
global market at a time when Washington wants to reduce Iranian
oil exports as part of its "maximum pressure" campaign.
Baghdad, a partner to both Washington and Tehran, is wary of
being caught in the crosshairs of Trump's policy to squeeze
Iran. Iran views its neighbour and ally Iraq as vital for
keeping its economy afloat amidst sanctions.
Iraqi Oil Minister Hayan Abdel-Ghani said last week the
pipeline would resume exports soon.
The government said on Friday it would announce a resumption
in the coming hours, with an initial amount of 185,000 barrels
per day (bpd) exported through state oil marketer SOMO and that
quantity gradually increasing.
The Association of the Petroleum Industry of Kurdistan
(APIKUR), which represents 60% of production from the region,
said later no formal outreach had been made for clarity on
commercial agreements and guarantees of payment for past and
future exports.
"To be clear, APIKUR member companies will not resume oil
exports today," said the statement by Myles Caggins,
spokesperson for APIKUR, whose members include Gulf Keystone
Petroleum ( GUKYF ), DNO, Genel Energy ( GEGYF ) and ShaMaran Petroleum ( SHASF ).
The government did not immediately respond to an emailed
request for comment sent outside office hours.
Oil flows through the Ceyhan pipeline were halted by Turkey
in March 2023 after the International Chamber of Commerce (ICC)
ordered Ankara to pay Baghdad $1.5 billion in damages for
unauthorised exports between 2014 and 2018.
Iraqi Kurdistan authorities had agreed with the federal oil
ministry to restart Kurdish crude exports based on available
volumes, Kurdistan's regional government said on Sunday.
U.S. President Donald Trump's administration is piling
pressure on Iraq to allow Kurdish oil exports to restart or face
sanctions alongside Iran, sources have told Reuters. An Iraqi
official later denied pressure or the threat of sanctions.
Reuters also reported on Thursday the Iraqi government had
made a fresh attempt to deem all Kurdish production-sharing oil
contracts illegal by filing new papers to a court in Baghdad, a
move that casts doubt on where the exported crude would come
from.