Stalled Negotiations: The Kurdistan Oil Conundrum

Negotiations to resume Iraq's Kurdistan oil exports failed as firms demanded assurance on debt repayments. The agreement involves the Iraqi and Kurdish governments and oil companies to restart 230,000 barrels per day of oil exports, halted since March 2023. DNO and Genel seek arrears resolution before joining.

Devdiscourse News Desk | Dubai | Updated: 23-09-2025 16:30 IST | Created: 23-09-2025 16:30 IST

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Country:
United Arab Emirates

Efforts to restart oil exports from Iraq's Kurdistan region hit a snag on Tuesday. Two oil-producing firms demanded assurances regarding debt repayments before proceeding with a crucial deal.

The agreement between Iraq's federal government, the Kurdish regional government, and various oil firms aims to resume the export of around 230,000 barrels per day to the global market through Turkey, suspended since March 2023.

DNO and Genel Energy have yet to sign on, citing the need for concrete assurances on the repayment of arrears, with DNO's share estimated at $300 million.