A rise of 17% in oil prices since Opec’s November 2016 agreement to cut production (MEES, 10 February), has provided some relief to Iraqi Kurdistan’s struggling economy.
The revenue boost has enabled the KRG to make a second set of payments for production at three key oil fields in a matter of weeks on 7-9 February. But though payments for November production from the DNO-operated Tawke, Genel-operated Taq Taq and Gulf Keystone-operated Shaikan fields were received this week, those for December are already nearly a month overdue. (CONTINUED - 1168 WORDS)
