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Iraq oil stalemate: Baghdad, KRG hit by $5bn loss due to export halt

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Iraq is one of the most oil-dependent countries in the world, with revenues making up about 95% of its budget.
But in its semi-autonomous Kurdistan Regional Government (KRG), supplies have been disrupted since Turkey stopped exporting 450,000 barrels a day from the region through its port of Ceyhan in March. Losses in oil revenues are estimated at around $5bn.

Al Jazeera’s Mahmoud Abdelwahed reports from Erbil in northern Iraq.

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Category
World
Tags
Iraq, Iraq arbitration case against Kurdistan oil export, Iraq oil exports
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