Foreign companies receive payment of dues to the Kurdistan oil

History of edits:: 5/2/2016 13:34 • 22 visits readable
{INTERNATIONAL: Euphrates News} Genel Energy Inc. on Friday said one of the foreign oil companies operating in the Kurdistan region if the operators of Taq Taq field partners have received payment of $ 16.3 million in dues to the Government of the region for oil exports.

It comes payments in the strategic framework announced by the Kurdistan government earlier this week to begin to pay dues to oil companies, according to the terms of the contract with them instead of the temporary payment arrangements pursued since September. 

She said Genel it and its partner Addax Petroleum also Tlgueta $ 3.2 million covering five percent of the total monthly net return to their fields which additional payments Kurdistan Regional Government announced the commitment in its new strategy to repay the dues. 

the Giniel that dues for oil exports from the Taq Taq field and yield net amounted to $ 10.8 million in January. 

He added the province independent oil sales since June last June to more than 600 thousand barrels per day, but with the inflation of the public sector wage bill and falling prices in the region is facing a deficit of between 380 million and $ 400 million Hehria.anthy

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s