IRAQ

Iraqi Kurdistan Eyes New Oil Deal With Baghdad

With oil prices languishing well below their year-ago levels, officials in the Kurdistan Regional Government (KRG) are calling for a new oil revenue-sharing agreement between Baghdad and Erbil. They say drastic measures are needed to reform the economic system in the Kurdish province in northern Iraq, in order to find new sources of non-oil revenue to compensate for the steep fall in oil revenues, which currently represent around 95% of...