The KRG has begun sending crude to Turkey in exchange for refined products, as the oil conflict with Baghdad heats up.
Refineries & Fuel
Kurdistan's export agreement with Baghdad is deteriorating and its production capacity is rising – so the region is relying more and more on an expanding refining sector.
Potential investors face a looming deadline to bid on four refinery deals, and Iraq Oil Report has obtained the specs and investment terms of the projects.
Bad weather and inadequate infrastructure caused exports to fall in January, as Iraq scrambles to support a projected production boost.