It has now been just over a year since the Federal Government of Iraq FGI centred in Baghdad imposed an embargo on oil exports from the country’s semi-autonomous region of Kurdistan KRI based in Erbil. Over this time, there have been many comments from politicians, analysts, and executives of international oil companies working in Kurdistan who have decried the embargo as making no sense for any party involved. As highlighted by OilPrice.
Unsurprisingly, the financial castration of the Kurdistan region of Iraq is wholeheartedly supported by Iran, Russia, and China, which also do not want it continuing to function independently in any meaningful way.
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