Iraq/Kurdistan: Kurds Announce Oil Payment Mechanism

Aug 3, 2015 | Daniel J. Graeber, United Press International
View Original

The Kurdish government in Iraq said Monday it would allocate some of its revenue to international oil companies on a monthly basis to help cover their expenses. British energy company Gulf Keystone Petroleum, one of the key players in the Kurdish oil sector, in early 2015 suspended crude oil exports through Turkey and directed sales to the local market briefly because of a lack of payment from the Kurdish government.