The Association of the Petroleum Industry of Kurdistan (APIKUR) made an announcement on Tuesday, expressing its members' readiness to convene with Iraqi and Kurdish officials. The initiative marks a step forward in their effort to streamline communications and foster cooperation within the industry, aiming to address common issues and challenges facing the region's petroleum industry. The APIKUR seeks to facilitate dialogue aiming for constructive solutions in pursuit of progress and sustainability in the sector.
1. The Association of the Petroleum Industry of Kurdistan (APIKUR) announced their willingness to meet with Iraqi and Kurdish officials to address issues within the region's oil industry.
2. The initiative is part of their effort to streamline communications and develop cooperation within the sector.
3. APIKUR aims to facilitate constructive dialogue with the potential to bring about progress and sustainability in the industry.
4. The association highlighted their willingness to work on alleviating tensions between the two regions regarding control and revenue of oil reserves.
5. APIKUR indicated that their aims align with Iraq and Kurdistan's shared interest in utilizing the oil reserves for economic prosperity.
As of 2019, the Kurdistan region of Iraq was producing about 461,000 barrels of oil per day.
APIKUR, in their statement, expressed a clear willingness for dialogue aimed towards alleviating the existing tensions between the two regions over control and revenue of the oil reserves. This willingness to meet signifies an understanding from the industry association that stability and cooperation are better for business and economic growth. The association stressed that their aims are aligned with Iraq and Kurdistan's joint interest in utilizing the oil reserves for economic prosperity.