Oil producers in Iraqi Kurdistan will have to close operations if they don’t receive agreed export payments, according to the regional authorities. “We need to stabilize the payment situation,” Ashti Hawrami, natural resources minister for the Kurdistan Regional Government, or KRG, said Tuesday in London. “We can’t keep saying to oil companies: ‘Give us one more month.’ Eventually this will collapse around us. We need more money.” Kurdish authorities in December resolved months of feuding with Iraq’s central government over who had rights to export crude from the semi-autonomous region. Nevertheless, payments to producers have remained haphazard as the two sides continue to debate terms, while a slump in oil prices and the exorbitant cost of fighting Islamic State militants have reduced available funds. Norwegian producer DNO ASA said Tuesday that it can’t sustain investment and production levels if debts to the company aren’t paid. Genel Energy Plc and […]