The Association of the Petroleum Industry of Kurdistan (APIKUR), which represents several international oil companies (IOCs) in the Kurdistan Region, said Monday that they are ready for exports as long as company contracts are respected.

In the last few weeks, negotiations between the Kurdistan Regional Government (KRG) and the federal government of Iraq have intensified to reach an agreement to resume oil exports via the Iraq-Turkey Pipeline (ITP).

Moreover, IOCs active in the country participated in a meeting on July 12, 2025 with officials from the KRG and the Iraqi government.

“In this meeting, IOCs reiterated that they are prepared to immediately resume exports through the ITP once binding agreements are in place that ensure payment certainty for such exports that reflect each IOC’s existing, legally valid contractual terms, as well as resolution of the outstanding payment arrears to be agreed with each company,” APIKUR said.

At a meeting on July 12, @apikur_oil member companies reiterated to Kurdistan Regional Government and Government of Iraq that they are prepared to immediately resume exports through the Iraq-Türkiye pipeline once binding agreements are in place that ensure payment certainty for… pic.twitter.com/maBwD6Ysni

— APIKUR (@apikur_oil) July 14, 2025

“All payments are to be made promptly and transparently in a manner acceptable to the IOCs and the KRG, either in cash or through the transfer of their entitlement share of oil in kind.”

“APIKUR member companies stand ready to resume exports as soon as written agreements are executed that honor our existing contracts, which are governed by international law,” said APIKUR spokesperson Myles B. Caggins III.

“APIKUR has always firmly held that our members’ production sharing contracts must be honored in every respect and members have never participated in any meetings with any governmental body suggesting otherwise.

On March 25, 2023, Kurdish crude oil exports through Turkey were stopped after an international arbitration court ruled in favor of Baghdad against Ankara, halting 450,000 barrels per day of crude oil exports to international markets.

On Sunday, Iraqi Minister of Oil Hayyan Abdul Ghani claimed that almost all issues have been resolved between Erbil and Baghdad to resume oil exports, apart from disagreements over refining allocations.