'IOCs Demand Written Agreements, Payment Surety', APIKUR Spokesperson.

'IOCs Demand Written Agreements, Payment Surety', APIKUR Spokesperson

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Speaking exclusively to Kurdistan24, Caggins laid out APIKUR’s conditions, stressing that without clear, binding agreements, international oil companies will not proceed with production and exports.

Caggins illustrated the issue with a simple analogy: “I was at a restaurant in Zakho a couple of days ago, and I had breakfast. The restaurant owner understood that if he gave me chai, I was going to pay him in Iraqi dinar. It’s the same concept. If our companies are producing oil, they need to know how and when they will get paid.”