Kurdistan Oil

KRG imposes major new pipeline fees on companies

RTX1957Q-e1396407842655-800x533

Increased tariffs are set to cost oil-producing companies millions of dollars per month — the latest headwind for Kurdistan’s oil sector investors.

raq’s semi-autonomous Kurdistan Regional Government (KRG) is imposing higher pipeline tariffs on international oil companies — the latest in a series of unexpected and unilateral policy changes that raise doubts about the oil sector investment climate. 

In a Feb. 10 letter, which was seen by Iraq Oil Report and confirmed as authentic by two industry officials and a KRG official, the KRG Ministry of Natural Resources (MNR) notified oil-producing companies that the authorities responsible for both the Kurdistan Export Pipeline (KEP) and the Turkish side of the Iraq-Turkey Pipeline (ITP) are assessing increased fees that will be passed on to companies. 

Iraq Oil Report Attribution Policy

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.Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.

view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.

fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.

Reference: https://www.iraqoilreport.com/news/krg-imposes-major-new-pipeline-fees-on-companies-44482/