Economy

APIKUR expresses satisfaction with agreement between KRG, SOMO

The statement further emphasized the importance of these agreements providing IOCs with surety for payment through mechanisms such as upfront payment, escrow arrangements, or payments in-kind at Ceyhan.

Kurdistan 24 Digital Media 2024/06/22 11:54

The logo of the Association of the Petroleum Industry of Kurdistan (APIKUR). (Photo: Kurdistan24)

Kurdistan APIKUR Resumption of KRGs Oil Exports Oil & Gas SOMO Kurdistan Regions Government

ERBIL (Kurdistan 24) – The Association of the Petroleum Industry of Kurdistan (APIKUR) has expressed its satisfaction with the agreement reached between the Kurdistan Regional Government (KRG) and the State Organization for Marketing of Oil (SOMO).

In a post on social media platform X (formerly known as Twitter), APIKUR announced, “APIKUR member companies agree with the statement made by KRG in their recent Council of Ministers meeting that direct sales agreements between international oil companies (IOCs) and SOMO offer the best option for resolving the current situation.”