Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Northern Iraq’s Kurdistan Regional Government (KRG) has completed payments to international oil companies (IOCs) for November oil exports, following Anglo-Turkish independent Genel Energy’s 14 December confirmation that it had received a $30mn payment to split with China’s Sinopec, its partner at the 130,000 b/d Taq Taq field.
However, the payment was considerably delayed, and with the KRG’s already strained economy set to take a further hit from the post-Opec meeting oil price slump, prospects for timely payments this month appear slim. Attention is already turning to the calendar as the deadline for the December payments looms.
KRG PAYMENTS: FULL BUT UNTIMELY
DATA INSIDE THIS ARTICLE
|table||Receipt Of Payment From KRG|