KRG Back to business

Operators such as Genel Energy (Genel) and Gulf Keystone Petroleum (GKP), two of the main oil production and export companies in Iraqi Kurdistan, will have viewed the Baghdad-Erbil deal as good for business; shares in both companies were briefly lifted by the deal’s announcement and, as the deal was being made, the Kurdistan Regional Government (KRG) followed through on its November promise to make an initial payment of $75m to producers for exports.