Iraq: Kurdistan payments improve

Issue 1122 - 18 Mar 2021

There have been further oil and arrears payments by the Kurdistan Regional Government (KRG) to international oil companies (IOCs) in recent days, according to announcements by London-listed Genel Energy, and Gulf Keystone Petroleum (GKP), and Oslo Stock Exchange-listed DNO ASA. Data for January sales were published by Genel, which said it had received its share of payments for the month from Tawke ($10.9m plus an override payment of $6.5m), Taq Taq ($2.6m) and Sarta ($1.5m), plus a receivable recovery payment of $2.4m for unpaid invoices from 2019-20.

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