Kurdistan Regional Government (KRG)

The October 2017 loss of Kirkuk to the central Iraqi government immediately deprived the Kurdistan Region of nearly half of its then-600,000 b/d production. Erbil has since exceeded expectations in bringing output back above 400,000 b/d as higher oil prices and the continuation of payments to IOCs has facilitated higher investment in oil field development.

Geopolitical Risk

10 Feb, 2023

Featured

Output at Kurdistan’s Khor Mor gas field is a record 500mn cfd. But ongoing rocket attacks continue to delay a key expansion project.

Economics & Finance

17 Feb, 2023

Top Story

Despite accruing record gross oil revenues last year, the KRG’s political woes meant that net gains were relatively muted as output fell.

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