Iraq/Kurdistan: A Squabble at Iraq's Oldest Oil Field Could Rock Global Supplies

Apr 2, 2017 | Sam Wilkin, Bloomberg
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A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive blow against Islamic State militants in the nearby city of Mosul. Kirkuk, where Iraq first discovered oil in 1927, can produce more than 1 million barrels a day but is pumping at less than half its capacity while competing ethnic and political groups scramble to control its 9 billion barrels of reserves.