SULAIMANI (ESTA) — The Kurdistan Regional Government (KRG) is imposing “higher pipeline tariffs” on international oil companies operating in the Kurdistan Region, according to Iraq Oil Report.
Iraq Oil Report reported on Saturday that the KRG ministry of natural resources had notified oil-producing companies about the increase in tariffs.
“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 said.
The report said the increased tariffs were set to cost the oil companies “millions of dollars per month – the latest headwind for Kurdistan’s oil sector investors”.
There are a number of international oil companies operating in the Kurdistan Region, including Chevron, Gazprom, Genel Energy and Gulf Keystone.
