Categories: Business

Iraqi Kurdistan’s oil output could halve without investment: Reuters


Tue, 2022-08-30 11:08

IRBIL: Oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or major investment in the sector, government documents seen by Reuters showed.

A steep decline in oil revenue, a lifeline for the Kurdish Regional Government, would compound the economic woes of a region already struggling financially within an unstable Iraq, diplomats, officials, and energy experts said.

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