Iraq/Kurdistan: Iraq's Kurds: Oil Rich, Still Poor - Drilling Down into the KRG's Oil Economy

Oct 12, 2016 | Erin Banco, IRIN
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As global oil prices dropped off, KRG’s oil-dependent economy was hard-hit. Then, after taking Ramadi and Fallujah, IS focused its efforts north and began to go after oil towns like Mosul and Tikrit with even greater intensity, cutting production and revenues further. This, combined with the strain of hosting more than a million internally displaced people (IDPs) and at least 200,000 Syrian refugees means the KRG is now in serious economic trouble.