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Oil fuels Iraq and Kurdistan political tensions

Baghdad’s politics are a threat to the Kurdistan Regional Government’s energy ambitions. Can the Kurds transcend Iraq’s dysfunction?

Kurdistan's oil bonanza is in full swing. Investors, lured by generous production-sharing contracts (PSCs) and the proximity of the region’s oil- and gasfields to Turkey, a needy and growing energy importer, are ploughing billions of dollars into the Kurdish upstream. In Erbil, the lounges of new five-star hotels have become a thoroughfare for dealmakers and oilmen. They rave about discovery rates in the 70% range; Kurdistan’s relative comfort and safety; and the welcoming hand of its regional government (the KRG), which runs this semi-autonomous province of northern Iraq. The KRG’s energy minister, Ashti Hawrami, the man behind this oil rush, says by the end of the decade Kurdistan’s oil ou

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