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.

2 Jul, 2021

Featured

KRG Revenues Up

Iraqi Kurdistan exports 400,000 b/d. But onerous payment obligations mean it banks just 50% of gross revenues, meaning a constant struggle to make ends meet.

KRG Net Oil Revenues ($bn)

Oil & Gas

10 Sep, 2021

Top Story

KRG: GKP Eyes Next Shaikan Expansion

Gulf Keystone aims to complete expansion of Kurdistan’s Shaikan field to 55,000 b/d and submit an FDP for further expansion by end-2021.

Gross Shaikan Output Stable At More Than 40,000 B/D

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