IRAQ

Erbil-Baghdad Deal Teeters As KRG Cuts Oil Supply To Somo, Plans Bonds

Iraq’s Kurdistan Regional Government, despite protestations that it does not plan to break with Baghdad, is acting increasingly like an independent region governed by its own laws. It is selling more Iraqi crude independently, including oil produced from former federally-controlled fields, and plans to issue bonds to make up for a severe revenue shortfall caused by insufficient funding from the federal...