Kurds to start regular payments to oil groups - FT.com:
"The government of the Iraqi region of Kurdistan has said it will start making monthly payments to international oil companies operating there from September, boosting the producers’ share prices.
The plunge in crude prices, and a dispute over oil revenues between the semi-autonomous region and the national government in Baghdad, have meant the Kurdistan Regional Government faces a cash crunch. Foreign corporations are owed hundreds of millions of dollars.
The companies hit by the delay in payments for oil production have seen their shares fall sharply over the past year, and the step towards regular payments from the KRG saw them rebound on Monday."
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