How does Kurdistan’s oil suspension affect the Iraqi economy?

Since losing the international arbitration case brought by Baghdad against it, as a result of exporting Kurdistan region’s oil without the approval of the Iraqi Oil Marketing Company (SOMO), Turkey is still refusing to export Kurdistan’s oil through its territory.
The exported quantities are estimated at 450,000 barrels per day, causing Iraq to lose $34 million per day.
Please contact us to get the full report. 
Comments: 0

Your email address will not be published. Required fields are marked with *