Major UK Oilfield Could Be Abandoned If Labour Wins Next Election

A flare-up between the regional government in Kurdistan and Baghdad has added risk for the resumption of oil flows from the northern Iraqi region. Rudaw reports that the spike in tension followed amendments in relation to Kurdistan that the Iraq government had made to the federal budget last week. The Kurdish government slammed the changes as unconstitutional.

The dispute will delay the approval of the budget and may destroy the delicate balance that Baghdad and Erbil achieved in the wake of the oil export halt from Kurdistan that prompted the…