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Showing posts with the label KRG Economy

Who really controls Kurdistan’s gas? The Dana Gas deal, the KRG’s silence and the hidden cost of selling energy to Iraq

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By Dr. Pshtiwan Faraj | Kurdish Policy Analysis      A $2.239 billion arbitration settlement, a contract running until 2049, expanded rights for Pearl Petroleum and a new battle over gas sales to Baghdad are raising uncomfortable questions about who ultimately controls Kurdistan’s most strategic natural resource. The latest dispute over Khor Mor gas is exposing a much deeper problem in the Kurdistan Region’s energy sector: the public still does not appear to have a clear picture of who controls the region’s gas, who is authorized to sell it, and how much of its future value has already been committed to private companies. At the center of the controversy is Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum, and a settlement agreement reached with the Kurdistan Regional Government (KRG) on August 30, 2017. Kurdistan Parliament member Kawa Sheikh Ali has now sharply criticized that agreement, asking why a government would effectively commit its natural ...

Kurdistan's vanishing border revenues: are falling trade flows or political patronage networks draining the KRG's economy?

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  By Dr. Pshtiwan Faraj   A dramatic collapse in customs revenues at the Kurdistan Region's major border crossings has reignited questions over governance, smuggling, and the fiscal sustainability of the Kurdistan Regional Government. The Kurdistan Regional Government (KRG) is facing renewed scrutiny after figures reportedly showed a sharp decline in revenue generated from its main border crossings, with some gateways recording drops of more than 80 percent. While KRG officials argue that regional instability and declining trade are responsible, opposition figures claim the real causes lie in entrenched patronage networks, revenue leakage, and organized smuggling linked to the region's dominant political parties. The debate goes far beyond accounting. Border crossings represent one of the KRG's largest non-oil sources of income, making their performance a critical indicator of the region's fiscal health, political governance, and institutional transparency. A Sharp D...

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