Iraq to Pay Kurdistan Oil Producers Next Week, Hawrami Says

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Iraq’s government will start making payments to international oil companies working in the northern Kurdish region next week, said Ashti Hawrami, natural resources minister in the Kurdistan Regional Government.

The federal government will initially pay two thirds of 1 trillion dinars ($858.3 million) and will complete the payment later, he said today at a conference in Istanbul, without being more specific on the time frame.