KRG to use independent crude sales to pay operators

摘要

Iraq’s semi-autonomous Kurdistan Regional Government (KRG) is promising to turn the page on delayed payments to its foreign operators, as the region’s finances are bolstered by independent crude sales. But geopolitical risks still threaten to derail its ambitions. Erbil will use revenue from its independent crude sales from the Turkish port of Ceyhan to make regular monthly payments to its foreign upstream operators, starting next month. And its oil ministry pledges to boost payments to operators from early next