Draw Media

In (2022) the Kurdistan Regional Government has paid back $ 1 billion and 115 million to the oil companies, which due to falling oil prices and the coronavirus could not be paid on time.

The Kurdistan Regional Government (KRG) has repaid $331.104 million in loans to the companies in the first three months of last year, including $206.4 million to oil producing companies and $125 million to Turkish Companies.

In the second quarter of last year, $422.465 million was repaid to oil companies in the Kurdistan Region, while in the third quarter, $194.220 million was repaid.

In the last three months of last year, the Kurdistan Regional Government (KRG) has repaid $167 million and 478 thousand debts to oil companies.

In addition to repaying the debts of both Turkish energy company and Turkish Petroleum Company

The Kurdistan Regional Government (KRG) repaid $990.267 million to the other oil companies last year.

Last year, an average of 9 percent of the oil sales were paid back to previous debts of the companies, which currently (KRG) owes $3.348 billion to oil companies.