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
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
