Is Kurdish Oil A Gamble Worth Taking?

By Tsvetana Paraskova The semi-autonomous region of Kurdistan in northern Iraq is estimated to have 45 billion barrels of oil reserves that it started to explore just a decade ago, after the fall of Saddam Hussein. At the beginning of the 2010s, Kurdistan had been planning to have its production reach 1 million bpd by 2015, but the advance of Islamic State in northern Iraq in 2014, the start of the oil price crash, and the continuous disputes with the central Iraqi government in Baghdad over oil production, export routes and revenues all have stalled the development…

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