Critical Year Looms For KRG Explorers
Oil production in the Kurdistan Regional Government (KRG) is being held back, amid rising tension between Iraq’s Kurds and Baghdad, which has seen Irbil cut contributions to Iraq’s northern exports. The curtailment, if prolonged, could further delay development of the KRG oil sector with the region’s smaller investors likely to be disproportionately impacted by any postponement to plans.