Iraq Agrees to Pay Companies Pumping Oil in Kurdistan
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The Iraqi government will pay foreign oil companies producing in the country’s northern Kurdish region under a deal reached to resume crude exports from the area, Oil Ministry spokesman Asim Jihad said.
The ministry in Baghdad will pay producers including DNO International ASA and Addax Petroleum Corp., by way of the semi-autonomous Kurdistan Regional Government’s Natural Resources Ministry, Jihad said in an interview last night. He gave no further details about the payment arrangement.