Iraq’s autonomous Kurdistan Regional Government (KRG) on Thursday gave extra project equity and profit payments to two of its earliest international oil investors to absolve outstanding debts – a deal that could seriously reduce financial risk and pave the way for quicker growth in the industry. Neither Norway’s DNO, Anglo-Turkish Genel Energy or the KRG’s Ministry of Natural Resources (MNR) have made public the overall amount of unpaid exports and other receivables – estimated by Iraq Oil Report at more than $1 billion – that will be waived in the […]