Iraq: Iraqi Kurdistan Oil Firms Go Domestic Amid Dearth of Export Pay

Feb 6, 2015 | Reuters
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Oil producers in Iraqi Kurdistan, including Gulf Keystone Petroleum and Genel, have started ramping up deliveries to the local market at the expense of foreign sales after months of unpaid export bills.

Gulf Keystone and its partner MOL said on Friday they had suspended all trucked exports of crude from the Shaikan oilfield.

"In order to maintain revenues and cash flow, Gulf Keystone will be recommencing crude oil supply for local Kurdistan use," the company said in a statement.