Negotiations between Iraq and oil companies are stalled, with oil exports from the Kurdistan Region experiencing latency

On March 4th, Jinshi data reported that at a meeting held on Sunday, the oil companies operating in Iraq and Kurdistan failed to reach a protocol, aimed at helping to restart the crude oil exports in the northern region. According to sources familiar with the matter, negotiations encountered obstacles in hiring international consultants to oversee contracts, costs, and payments. Although the Iraqi Oil Ministry is seeking to have the consultant play a significant role, producers at the Kurdish Oil Industry Association are concerned that this would give the consultant the authority to manage contracts and profits, thereby benefiting Iraq.