IOCs operating in Iraqi Kurdistan’s oil sector were unimpressed by the KRG’s May decision to amend the schedule for receivables repayment. But MEES soundings of IOCs and recent public statements all point to the region’s E&P firms pressing ahead with their investment plans despite their grievances.
Gulf Keystone Provides Timely Boost To KRG Oil Sector
IOCs are reaffirming investment plans in Kurdistan despite contentious repayment changes. Firms appear to have concluded for now that the best way to see more reliable payments is to up output and generate more revenue for the KRG.
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Key Near-Term Kurdistan Capacity Increments
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Iraqi Kurdistan: Key Oil & Gas Infrastructure
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