Iraq’s semiautonomous Kurdish region could not comply with Baghdad’s request to cut output by 120,000 b/d due to financing needs, but implemented a lesser reduction, a Kurdish minister told Iraq’s state-run TV Sept. 9. The Kurdish region has cut output by 50,000 b/d at 410,000 b/d, Minister of State Khalid Shwani told the station. Local consumption is around 30,000 b/d, he added. The Kurdistan Regional Government, or KRG, has delayed salaries to its employees due to the financial crisis gripping the country because of lower oil prices, he added. The KRG is currently in talks with the government in Baghdad to resolve lingering problems around […]