Iraq’s Finance Minister (and deputy PM) Ali Allawi claimed this week that Iraqi Kurdistan is failing to cut crude production in line with Opec+ obligations and may instead be smuggling excess volumes for export.

“There might be leakages from some other oil fields, or there might be leakages that go into trucking to various points, but we are not aware of the amounts,” he told the Powering Iraq conference. (CONTINUED - 178 WORDS)