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Kurdistan struck two agreements with Norway’s DNO and British
Genel Energy to structure oil exports and debt repayment, according
to an announcement by the oil producers on Thursday. Debt
repayment-related concerns have caused multinationals interested in
Kurdistan to step back from their production ambitions in Kirkuk
and related fields. Unstable relations with Baghdad and an
expensive war against the Islamic State have made it difficult for
Erbil to meet its financial commitments to oil companies active in
the oilfields under the KRG’s…

Kurdistan struck two agreements with Norway’s DNO and British
Genel Energy to structure oil exports and debt repayment, according
to an announcement by the oil producers on Thursday. Debt
repayment-related concerns have caused multinationals interested in
Kurdistan to step back from their production ambitions in Kirkuk
and related fields. Unstable relations with Baghdad and an
expensive war against the Islamic State have made it difficult for
Erbil to meet its financial commitments to oil companies active in
the oilfields under the KRG’s…

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