Snap Inc. plans to lay off about 20% of its staff as the online-advertising industry faces problems, according to a Tuesday report. Read More...
Reuters
Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents
Oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or major investment in the sector, government documents seen by Reuters showed. A steep decline in oil revenue, a lifeline for the Kurdish Regional Government (KRG), would compound the economic woes of a region already struggling financially within an unstable Iraq, diplomats, officials, and energy experts said. According to the documents, the Kurdistan Region in Iraq’s (KRI) oil output could rise to 580,000 barrels per day (bpd) in five year’s time under a scenario in which investment is fully optimised, leaving 530,000 bpd available for export.
Add Comment