Losses resulting from shutdown of conduit to Turkey estimated at more than $4 billion The once-thriving oil industry in the northern Kurdish region of Iraq has ground to a halt as the closure of the export pipeline to Turkey, now in its sixth month, continues, inflicting economic devastation. In late March, Turkey halted flows of oil produced in the region after an arbitrat
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According to the new budget, Erbil will now have to deliver no less than 400,000 barrels of oil per day to Baghdad before it can receive its share of the federal budget. [Getty] On June 21, 2023 Iraqi President Abdul Latif Rashid ratified the country’s long-awaited three-year federal budget bill. On June 11, the bulk of MPs had voted for a three-year budget bill of around 19
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If the 1991 Gulf War led to the birth of the Kurdistan Regional Government, the US invasion in 2003 propelled it into the future. At the start of the invasion, Iraqi Kurdistan served as the northern front of the war, elevating the status of the Kurdistan Regional Government (KRG). The destruction of President Saddam Hussein’s Baathist regime buttressed Kurdish righ
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17 March 2023 Shivan Fazil and Dr Alaa Tartir Over the past two decades Iraq has been affected by several waves of intense conflict and violence. The 2003 invasion of Iraq by a multinational coalition led by the United States and United Kingdom toppled the Ba’athist regime of Saddam Hussein. It also ushered in years of chaos and civil war, as a variety of armed groups vie
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Exterran Corp workers leave after more rocket attacks Plan to expand output from Khor Mor gasfield on hold Kurdish region heavily dependent on oil and gas revenues ERBIL, Aug 30 (Reuters) - A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region's hopes of boostin
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