Trilateral Meeting Concludes Without Consensus on Oil Issues
A recent trilateral meeting convened by the Ministry of Natural Resources, alongside representatives from the Kurdistan Oil Production Groups and the Iraqi Oil Ministry, has concluded in Baghdad without reaching any agreement.
Sources indicate that the discussions failed to yield consensus. Stakeholders emphasized the need for principles of transparency and fairness in the sector. It was highlighted that oil companies operating in the Kurdistan Region ought to receive treatment on par with those in other parts of Iraq. This reflects a broader concern regarding clarity in the financial processes associated with oil revenues, where companies in Iraq have established protocols for the timing and method of receiving payments for oil.
The lack of agreement points to ongoing challenges in the relationship between regional oil entities and the central government, underscoring the complexities within Iraq’s energy sector.
Updated.