Commodities
Oil Firms in Iraq Kurdish Region Signal Willingness to Negotiate
- Industry group Apikur says oil producers will talk terms
- Firms hadn’t previously signaled willingness to discuss terms
A drilling site in the autonomous Iraqi region of Kurdistan.
Photographer: Ali Al-Saadi/AFP/Getty ImagesThis article is for subscribers only.
International oil companies operating in Iraq’s Kurdish region say they are willing to negotiate contract terms with both federal government and regional authorities in a bid to restart exports that have been stalled for more than a year.
The producers were forced to cut output after a payments dispute between Baghdad and Turkey erupted and a pipeline to the Mediterranean port of Ceyhan was shut down over a year ago.