IRAQ

KRG Looks To Cement Oil Independence With Refining Shake-Up

Iraqi Kurdistan this week took a key step towards cementing its oil independence from Baghdad. Although local firms Kalak and Bazian have built 80,000 b/d and 34,000 b/d refineries respectively in recent years, the region’s downstreamincludes a sizeable and growing hodge-podge of inefficient smaller plants known as topping units. This has left the KRG partly reliant on Turkey and the rest of Iraq for final products, a...