KTFA
FRANK26: "COMPLETE THE AGREEMENTS MEANS A NEW EXCHANGE RATE"........F26
"Apicor" welcomes the statements of Al-Sudani and Waltz and confirms its readiness to resume exports after completing the agreements
3/10/2025
Kurdistan Oil Industry Association (APIKUR) expressed its appreciation for the statements of Prime Minister Mohammed Shia al-Sudani and US National Security Advisor Mike Waltz, which stressed the importance of resuming oil exports through the Iraq-Turkey pipeline.
The association confirmed in a statement to Rudaw Media Network on Monday (March 10, 2025) that its companies are ready to resume exports "as soon as new agreements are reached on sales and loading mechanisms," noting its readiness to meet with all concerned parties to discuss the next steps.
Iraqi Prime Minister Mohammed Shia al-Sudani received a phone call from US National Security Advisor Michael Waltz, which touched on the contracts of oil companies operating in the Kurdistan Region.
During the call, Waltz urged the Iraqi government to cooperate with the Kurdistan Regional Government to "resolve contract disputes and pay arrears owed to US energy companies," according to a post on his account on the "X" platform.
He welcomed al-Sudani's efforts to "achieve Iraq's energy independence," calling on the Iraqi government to "encourage the entry of more Western and American companies into the oil and gas sectors in Iraq."
He also called on the Iraqi government to "appoint an investment coordinator to work with American companies wishing to invest and operate in Iraq."
For his part, Al-Sudani's media office stated in a statement that the US National Security Advisor "encouraged" the prime minister to "rely more on American companies, and work to solve problems and overcome obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to encourage them to work and invest in Iraq.
" Al-Sudani stressed "Iraq's commitment to expanding economic relations with the United States," encouraging "American companies to invest in the growing Iraqi market."
On March 8, Iraqi government spokesman Bassem Al-Awadi told Rudaw Media Network that they were in the final stages of resolving differences related to the resumption of Kurdistan Region oil exports, noting that exports could begin this month.
In a statement to Rudaw Media Network, APICORP spokesman Miles Caggins stressed the importance of dealing with oil companies operating in the Kurdistan Region in the same way as companies operating in Iraq, attributing this to the fact that companies in Iraq “know when and how to receive oil money, and they do not have financial problems.”
