KRG Oil Output Steady As Some Operators Return

The Kurdistan Regional Government (KRG) has been able to maintain oil output at a steady level of around 350,000 b/d, but the temporary suspension of operations by foreign operators because of security concerns looks certain to delay planned capacity increases.

Some of the foreign oil companies active in the KRG have announced a resumption of drilling operations, though caution still prevails in the absence of a decisive end to the...