Politics and pipelines: Constraints to production growth in Kurdistan
The strained relationship between Iraq's federal government and Kurdistan Regional Government (KRG) is hindering oil and gas developments in the Kurdistan region of Iraq. Together with insufficient export infrastructure, the KRG's ambitions of reaching 1 million b/d in 2015 and 2 million b/d by 2020 will not be attained. The Kurdish fields have the potential to produce 1 million b/d by 2020, but a range of risks lead us to downgrade our forecast to around 675,000 b/d. In the worst case,...