Related Articles
Forward article link
Share PDF with colleagues

Iraq cobbles together an oil deal

Erbil and Baghdad have struck an agreement on exports through Turkey, though many of the old problems could still ruin it

Are things looking up in Iraq's northern oil sector? In early September, the Kurdistan Regional Government (KRG) and the federal one in Baghdad reached a deal resolving the five-month dispute over sales of Kirkuk oil via the KRG-operated export pipeline to Turkey's Mediterranean coast. The agreement reflected the broader effort in both Erbil and Baghdad to fix one political problem ahead of a bigger effort by both sides to expel Islamic State (IS) from Mosul. Yet factionalism in Kurdistan and Baghdad's own political chaos could yet ruin it all. Shipping Kirkuk crude through the KRG's infrastructure is a potentially big breakthrough. The months of stalemate starved both Erbil and Baghdad of

Also in this section
Saudi Arabia gets a new next king
21 June 2017
Mohammed bin Salman will have a free hand as the next Saudi king but faces formidable domestic and regional hurdles. Oil policy is one
Arab oil states: the devil's in Opec's data
20 June 2017
The group's latest figures show Gulf oil states' earnings have plummeted, while the region's population keeps rising
Eastern Libya tries to wrest control of oil supply again
15 June 2017
NOC output growth plans threatened by renewed dispute