KRG Says Oil Industry At Risk Over Non Payment

Iraqi Kurdistan cannot sustain oil output indefinitely unless Baghdad delivers on its cash commitments. Unless Erbil is able to pay cash-starved foreign oil firms, the region’s oil industry could collapse, regional oil chief Ashti Hawrami warns.

Speaking at the CWC Iraq Conference 2015 in London on 9 June, Ashti Hawrami, Minister of Natural Resources for Iraq’s Kurdistan Regional Government (KRG) warned that the KRG could not...