UK-based political risk analysisfirm Maplecroft warned that the acrimonious disputebetween Erbil and Baghdad over the Kurdistan RegionalGovernment (KRG)’s independent oil policy held “the potentialto spark armed conflict, with oil firms potentially caught in any cross-fire”.
The analysis firm warned the dispute was only likely to furtherdeteriorate this year as relations become increasingly confrontational betweenKRG president Masud Barzani and Iraqi Prime Minister Nuri al-Maliki, led by a hotlycontested battle over the federal budget.
The
