ARTICLE AD BOX
🛢️ International Oil Giants Resume Operations in Kurdistan! 🇮🇶🌍
✅ Return to Work: Several international oil companies are back in action at Kurdistan oil fields after a period of instability.
🚁 Security Concerns: Over 22 drone attacks hit vital oil facilities—investigation is still ongoing, with no final report yet to the PM.
💸 Compensation Responsibility: Kurdistan Regional Government (KRG) will compensate oil companies for amounts allocated to local use.
🛳️ Export Coordination: KRG is preparing to deliver crude to SOMO for export via Turkey’s Ceyhan port, signaling stronger cooperation with Baghdad.
🤝 Federal-Regional Agreement: This step highlights the KRG’s commitment to protect investments and align with federal oil export policies.
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International oil companies return to operations in Kurdistan fields
A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.
The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."
He added, "The region will bear the responsibility of compensating companies for the quantities allocated for local consumption."
He continued, "The region is preparing to deliver the ready quantities of crude oil produced by foreign companies that have gradually returned to operating in the region to the State Oil Marketing Organization (SOMO) for export via the Turkish port of Ceyhan, stressing that this step reflects the regional government's commitment to a joint understanding with the federal government to regulate the export file and protect oil investments." link
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