KRG receiving second $500 million oil payment

LONDON - The Kurdistan Regional Government (KRG) is receiving a second payment from Baghdad, for oil supplied to Iraq’s federal oil marketing authority under a Nov. 13 confidence-building deal.

"The $500 million will be paid today," KRG Minister of Finance Rebaz Hamlan said on the sidelines of the CWC Kurdistan-Iraq Oil & Gas Conference in London on Thursday.