Kurdistan-based oil firms confirmed on Friday that they have received another batch of payments for crude sales from the region, despite ongoing political uncertainty.
Norwegian oil and gas firm DNO, controlled by RAK Petroleum, told investors that it had received US$46.53 million from the Kurdistan Regional Government as payment for August’s crude oil deliveries to the export market from the Tawke license.
The Oslo-listed company, which operates and has a 75 per cent interest in the Tawke license, said it had also received a payment of US$4.27 million from the KRG, representing 3 per cent of gross Tawke license revenues during September 2017.
Separately, Genel Energy announced that it had been paid a net sum of US$16.86 million by the KRG for sales from the Tawke and Taq Taq fields.
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Read more:
Dana Gas, Genel say Kurdistan oil production yet to be disrupted despite conflict
Baghdad claims victory in ousting Kurdish forces from disputed territories
British MP pockets Dh145,656 a month from troubled Kurdish oil firm
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“Combined with the payment for the September override received earlier this week, this brings the total November 2017 net receipts to US$23.27 million,” the company declared.
Finally, Gulf Keystone Petroleum announced today that it has received a gross payment of US$15 million from the KRG for crude produced at the Shaikan field in July.
The payments follow rising political uncertainty in the region following a disputed independence referendum in Iraqi Kurdistan.
Results showed that 92.73 per cent of voters backed statehood in September’s referendum, which sparked international concern and angered Baghdad and its neighbours.
The central government rejected the results of the referendum and subsequently sent troops to capture oil-rich Kirkuk from Kurdish forces.
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List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
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COMPANY%20PROFILE%20
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
Youth YouTuber Programme
The programme will be presented over two weeks and will cover the following topics:
- Learning, scripting, storytelling and basic shots
- Master on-camera presence and advanced script writing
- Beating the algorithm and reaching your core audience
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5