Kurdistan Halts Oil Exports | WHAT REALLY HAPPENED


Kurdistan Halts Oil Exports

The semi-autonomous Kurdish region has reopened a rift with the central government after announcing that it had halted all petroleum exports from Kurdistan until Baghdad pays the international companies that are pumping oil in the region.

The amount of oil involved currently, about 100,000 barrels a day, is relatively small compared with Iraq’s total production of 2.4 million barrels a day. But with production from the Kurdish areas likely to increase markedly in coming years, the dispute has taken on added importance.

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This could go from simmer to boil in a heartbeat.

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