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Friday, 3 March 2017

Kurdish protest disrupts northern Iraqi oil flows

Kurdish protest disrupts northern Iraqi oil flows:

"Crude oil flows from the Kirkuk fields in northern Iraq were briefly disrupted on Thursday after a Kurdish faction seized a pumping facility in protest at the policies of Baghdad and Erbil, adding a new threat to Iraq’s attempts to comply with Opec’s agreed cuts.

Officials from the Patriotic Union of Kurdistan (PUK), one of the oldest political parties within the Kurdistan Regional Government (KRG), said its forces had stormed the Baghdad-controlled facility and would shut down operations again unless they were given greater control over Kirkuk oil sales.

The protest highlights growing tensions as Baghdad tries to find ways to curtail the amount of oil flowing into the market under an agreement with the Opec cartel and major producers such as Russia to restrain production and increase prices."



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