A decision by the Kurdistan Regional Government (KRG) to change the schedule and terms for payments to international oil companies (IOCs) without prior warning or consultation has stunned the foreign operators and might deal a blow to oil production growth and investment, several officials of IOCs operating in the region told Iraq Oil Report.
"Nobody looks at the news from last week and decides they want to invest more into Kurdistan," said one executive with an IOC operating in the KRG.
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All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.
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