Iraq/Kurdistan: Iraq's KRG Delays Oil Payments with Cash Stuck in Lebanese Bank: Sources

Mar 25, 2020 | Dania Saadi and Katie McQue, S&P Global Platts
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The oil ministry of Kurdish Regional Government in Iraq has been unable to pay energy companies operating in the semi-autonomous region because its cash has been stuck in a Lebanese bank facing a liquidity crunch and the oil price crash will only make matters worse, sources told S&P Global Platts.