Kurds Pay Oil Companies for Third Month to Maintain Output - Bloomberg Business:
"The Kurdistan Regional Government paid international oil companies operating in the Iraqi autonomous region for a third consecutive month, disbursing funds that it says will allow production to be maintained.
Payments will improve when exports increase or the oil price rebounds, the KRG said Monday in an e-mailed statement. The government said the release of funds would be in line with those in September and October, which both saw disbursements of $75 million.
Gulf Keystone Petroleum Ltd., Genel Energy Plc and DNO ASA were awaiting a November payment for the roughly 300,000 barrels a day they jointly produce. Shares of Gulf Keystone rose 2.3 percent to 22 pence in London Tuesday, while Genel advanced 2.6 percent and DNO gained 1.3 percent in Oslo."
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