Tuesday 17 October 2017

Fight for Iraq's Future Targets 90-Year-Old Kirkuk Oil Field - Bloomberg

Fight for Iraq's Future Targets 90-Year-Old Kirkuk Oil Field - Bloomberg:

"The latest battle for Iraq’s future is unfolding around the country’s oldest oil field.

Federal government troops on Tuesday took control of all the crude deposits in the Kirkuk area after pushing back forces from the semi-autonomous Kurdish region with a rapid thrust into the province in northern Iraq. The fighting broke a stand-off over the long-disputed area.

Baghdad wants to reassert control of the area’s oil deposits from Kurdish fighters, who seized the territory and its capital city, also called Kirkuk, to ward off Islamic State militants in 2014. The Kurds, who voted overwhelmingly for independence in a referendum last month, see the resources as a financial lifeline for a future state."



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