Related Articles
Forward article link
Share PDF with colleagues

Gloom falls on Kurdish oil

Iraq’s autonomous northern province had bold energy plans, but mounting debts, conflict and subterranean trouble are taking their toll

FOR the Kurdish region of northern Iraq the energy honeymoon is over – at least for now. A slump in oil revenue resulting from depressed global prices is just one negative factor among a slew of problems facing the Kurdish Regional Government (KRG). One of the key concerns for Iraqi Kurds is the degree to which it relies on a single oil-export route: the Iraq Turkey Pipeline (ITP) to Ceyhan on the Mediterranean coast. From 17 February until 11 March the ITP was closed, denying the KRG revenue from the 0.6m barrels a day of oil that would normally have been flowing through it. During the entire month of March, Kurdish oil exports averaged only around 327,000 b/d. The ITP was shut on the order

Also in this section
Oil and gas in the new world order
22 March 2017
Geopolitical risks are changing and rising. The energy sector will be in the crosshairs
Slow reset of US-Russian relations
20 March 2017
Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent
Building walls
20 March 2017
The new White House promises to be generous to energy. Some policies will be anything but