Tuesday, August 7, 2018

KRG, sitting on top of huge oil reserve, is broke

rudaw, Kurdistan Region — Projects underway by companies and contractors have stalled in Kirkuk under pilling local administration debt as the province is complaining that the federal government hasn’t sent its share of the Iraqi budget or petrodollar for four years.

"There are no projects [underway]. We don't see anything. It isn't only the Kurdish areas. There are no projects anywhere. We had the petrodollar in this city. Things were done," shop owner Walid Mohammed told Rudaw.