IRAQ

Iraq’s federal government and the Kurdistan Regional Government (KRG) ended years of discord over resource management with a deal that will see both sides benefit from increased oil sales and revenues. Yet with global oil prices at a five-year low in an oversupplied market, the addition of more Iraqi barrels will not be welcomed by rival producers.

Iraqi Oil Minister ‘Adil ‘Abd al-Mahdi said on 2 December that the KRG had agreed to hand over 250,000 b/d of Kurdish...