The largest operator in the Kurdistan Region of Iraq, Gulf Keystone Petroleum Ltd, is to receive a $15million pay out from the Kurdistan Regional Government (KRG).
Kurdistan Regional Goverment
Genel Energy today confirmed the Kurdistan Regional Government paid its outstanding $16.3million in relation to the Tawke field.
Gulf Keystone Petroleum has received $15 million payment from the Kurdistan Regional Government in Iraq for Shaikan crude oil exports in March.
Gulf Keystone has received $7.5million from the Kurdistan Regional Government (KRG) for Shaikan crude oil exports in February 2016.
Genel Energy has received its fifth consecutive monthly payment for the oil its exports out of the country from the Taq Taq field in the Kurdistan region of Iraq, as well as a backpayment for oil that was previously exported.
The Kurdistan Regional Government has dished out its latest round of payment for oil exports.