Oil Strikes Halt Production in Iraqi Kurdistan

APIKUR, an alliance of eight oil firms operating in the semi-autonomous region of Iraqi Kurdistan, reported a significant halt in production. Many of its member companies have decided to suspend operations following a series of strikes targeting local oilfields.

The strikes, which have raised concerns over stability in the region, have prompted APIKUR to initiate a thorough assessment of the impacted facilities' current state. The evaluation focuses on the damage inflicted to both production and other field infrastructures.

While the disruption underscores the volatile nature of operating in Iraqi Kurdistan, the oil consortium is actively working to understand the broader implications for the region's oil output and future restoration efforts.

(With inputs from agencies.)