Sunday 5 August 2012

Oil's big players raise the stakes in Iraqi Kurdistan Asharq Alawsat Newspaper (English)

Iraqi Kurdistan's crude oil is plentiful and easy to get at, rare among undeveloped energy resources. The man managing it, a former North Sea engineer and consultant turned politician, knows how to attract investment.
But the companies working there under contracts with the semi-autonomous Kurdistan Regional Government (KRG) are not getting much out, and they are not getting paid, all because of a dispute over control with the national government in Baghdad.
Despite the row, rooted deep in the tinderbox politics of Iraq, ever bigger oil companies are moving into the northern region, angering Baghdad with their seal of corporate approval for a government that is seeking more autonomy in one of the most volatile parts of the world.

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