The KRG this week made bumper payments to IOCs despite violent protests as the cash-strapped region axed public sector pay. Is this a sustainable strategy?

 

Iraq’s Kurdistan Regional Government (KRG) this week shelled out $100.5mn to the international oil companies (IOCs) active in the region, the highest ever figure for a calendar month.

This came despite mounting violent protests against the embattled government’s swingeing cuts to public sector salaries. At least two...