Iraq’s Prime Minister told international oil companies to restart operations in the Kurdistan Region immediately. The oil companies said no. They’re refusing to go back to work until they have guaranteed protection. The Prime Minister made a promise. The industry isn’t moving until that promise has teeth…Kurdistan’s cabinet is meeting Wednesday to work through unresolved issues with Baghdad…oil revenue sharing, customs disputes, and how the money gets divided…the Strait of Hormuz shipping crisis has cut into Iraq’s oil revenue badly enough that Baghdad is now accepting less money from Kurdistan than the original agreement required. The pieces are moving. :Thom
