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2014-09-04 17:40:00

IRAQ KURDISTAN: MORE OIL

IRAQ KURDISTAN: MORE OIL

In early August, militant action in the semi-independent Iraqi region of Kurdistan forced many oil producers to suspend operations and now, some companies are resuming production.

Islamic State militants moved closer to the region's capital Arbil, causing safety and operational concerns in the first and second weeks of August, according to Reuters. President Barack Obama's announcement in August that he'd given permission for U.S. airstrikes on the region increased oil and gas producer's worry. Many companies evacuated nonessential personnel and drastically lowered oil output.

After nearly a month, companies…

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Tags: IRAQ, KURDISTAN, OIL, GAS
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