Upbeat outlook in Iraqi Kurdistan
Oil and gas developers in the semi-autonomous region are looking forward to a year of rebound
Confidence is growing among producers developing fields in Iraqi Kurdistan that positive momentum will continue in 2021, as new drilling campaigns kick off during a continuing oil price uptick. The Kurdistan Regional Government (KRG) improving the regularity of its payments for oil sales throughout second, third and fourth quarters of 2020 is one driver of this optimism. A year ago, Erbil deferred hundreds of millions of dollars of payments to operators for November 2019-February 2020 crude sales for at least nine months. “The specific reason for the delay to payments has never been clarified, [but] generally the KRG has been very good at paying their invoices,” says Daniel Slater, oil and
Also in this section
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
