Iraq/Kurdistan: Shrinking Oil Reserves Crimp Iraqi Kurdistan's Allure

Mar 10, 2016 | Ron Bousso, Reuters
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A string of downgrades to Iraqi Kurdistan's oil reserves is a fresh blow to the autonomous region's fledgling oil industry already crippled by conflict, political strife and low crude prices. The revisions - resulting from a closer inspection of oilfields after drillers hit more water than expected - take the shine off one of the world's largest oil and gas reserves, which had drawn investors such as Exxon Mobil.