IRAQ

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...