IRAQ

Iraqi Provinces Demand Payment Hike After KRG Deal

Baghdad may have opened a can of worms with its oil and revenue sharing deal with the KRG. Basra, Iraq’s main oil producing hub, and Misan, where oil output is on the rise, are both now threatening to declare themselves regions in order to extract more economic benefit from the revenues generated by the oil produced in their territories.

Basra and Misan’s bid for greater autonomy, and revenue, has been prompted by a...