IRAQ

KRG Oil Payments Boost, Output Down

Key local producers DNO and Genel Energy this week each received $30mn receivables payments from the KRG on behalf of the Tawke and Taq Taq consortiums they lead. Following last week’s $15mn payment to Shaikan operator Gulf Keystone (MEES, 16 October), this brings total October payments to $75mn, the same as for September (MEES, 11 September). London-listed Genel, with a 25% minority stake in Tawke as well as 44% of Taq Taq pockets $24.5mn for...