Al-Marsoumi reveals the conditions set by foreign companies for resuming oil production in Kurdistan.
Economic expert Nabil al-Marsoumi explained on Wednesday that foreign companies operating in the oil sector have set a number of conditions before resuming production and exports in the Kurdistan Region.
Al-Marsoumi stated in a Facebook post that “these conditions include, firstly, the necessity of protecting oil fields and wells from drone and missile attacks to ensure the safety of facilities, workers, and foreign technical staff.”
He added that “the second condition is the establishment of a clear and regular mechanism to guarantee the payment of current financial dues upon the resumption of exports, in accordance with the amendments to the federal budget law.”
He pointed out that “the third condition pertains to the necessity of settling outstanding debts and previous dues owed by the companies, including those owed to the Norwegian oil company DNO, which previously announced the cessation of production and exports via pipelines in the region due to delayed payments estimated at approximately one billion dollars.”
Al-Marsoumi emphasized that “resolving these issues is essential for the normal resumption of oil activity in the region.”
Almaalomah.me