Related Articles
Forward article link
Share PDF with colleagues

Hopeful Kurdish oil battles challenges in Iraq

Financial and political troubles are delaying the expansion of KRG oil production

A perfect storm of financial, political and security challenges is battering the Kurdish Regional Government (KRG) in northern Iraq, forcing its energy sector to hunker down. The region has stopped receiving government resources and, is funding a military campaign against Islamic State (IS) while caring for 1.8 million refugees and displaced people. Independent oil exports, deemed to be illegal by the federal government, began in June (see table). Although direct sales are bringing in more than was received from Baghdad in 1H 2015, they are still not covering the costs. Oil production is currently in the range of 650,000-700,000 barrels per day (b/d). KRG’s Natural Resources Minister Ashti

Also in this section
Saudi Arabia—on with the lid
23 January 2018
The kingdom will experience austerity and social reform, and clamp down on corruption and dissent
Watershed year in Asia
22 January 2018
Nuclear sabre-rattling shook Asia's security foundations, but 2017 heralded breakthroughs for EVs and LNG
Trump's America
22 January 2018
A new president brought change on the regulatory front while tight oil rose again