Iraqi Kurdistan in Dire Straits as Oil Sales Plunge

摘要

Iraqi Kurdistan’s crude exports plunged last month by around one-third, to just 320,000 barrels per day, as the regional government struggles with low oil prices, crippling debt and restrictions on the movement of people. The collapse in Kurdish oil sales could cause the regional government’s financial woes to spiral out of control, with potentially severe implications for the international oil companies operating there.