DUBAI: A deal to restart Iraq’s Kurdistan oil exports stalled on Tuesday as two oil producing firms asked for assurances their debts would be repaid.
The deal between Iraq’s federal and Kurdish regional governments and oil firms is designed to lead to the resumption of exports of about 230,000 barrels per day of oil from Kurdistan to global market via Turkiye. They have been suspended since March 2023.
Iraq’s cabinet was scheduled to approve on Tuesday the deal involving oil producers active in Iraqi Kurdistan. It was not immediately clear if the deal could go ahead without DNO and Genel’s participation.
Norway’s DNO, the largest producer in the semi-autonomous region, and Genel Energy said they had yet to sign as they wanted assurances on repayments of arrears.
DNO said it had proposed “easy fixes that can be quickly agreed” without saying what they were.
Kurdistan has accumulated around $1 billion in arrears to producers with DNO’s estimated share of overdue receivables at about $300 million.
Dispute over arrears stalls Kurdistan oil exports restart
https://arab.news/wgngk
Dispute over arrears stalls Kurdistan oil exports restart
- Iraq’s cabinet was scheduled to approve on Tuesday the deal involving oil producers active in Iraqi Kurdistan
- It was not immediately clear if the deal could go ahead without DNO and Genel’s participation
Hamas says will give up arms to a Palestinian authority ‘if occupation ends’
- “We accept the deployment of UN forces as a separation force, tasked with monitoring the borders and ensuring compliance with the ceasefire in Gaza,” Hayya says
GAZA CITY, Palestinian Territories: Hamas said Saturday it was ready to hand over its weapons in the Gaza Strip to a Palestinian authority governing the territory on the condition that the Israeli army’s occupation ends.
“Our weapons are linked to the existence of the occupation and the aggression,” Hamas chief negotiator and its Gaza chief Khalil Al-Hayya said in a statement, adding: “If the occupation ends, these weapons will be placed under the authority of the state.” Asked by AFP, Hayya’s bureau said he was referring to a sovereign and independent Palestnian state.
“We accept the deployment of UN forces as a separation force, tasked with monitoring the borders and ensuring compliance with the ceasefire in Gaza,” Hayya added, signalling his group’s rejection of the deployment of an international force in the Strip whose mission would be to disarm it.
