Kurdistan Said Close to Resuming Monthly Payout to Oil Companies

The government of Iraqi Kurdistan is close to resuming regular monthly payments to international oil companies as the rally in crude prices replenishes the region’s depleted treasury, according to people familiar with the matter. It’s almost seven weeks since Genel Energy Plc, Gulf Keystone Petroleum Ltd and DNO ASA received their last payment from the Kurdistan Regional Government, which was for oil sold in September.