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Why Iraqi Kurdistan Is Struggling to Pay Its Bills

Jan 28, 2016 | 09:30 GMT
An oil refinery roughly 20 kilometers (12.4 miles) east of Arbil, Iraq.
An oil refinery roughly 20 kilometers (12.4 miles) east of Arbil, Iraq.
(SAFIN HAMED/AFP/Getty Images)

The longer oil prices stay low, the more the Kurdish government will rely on foreign funding to meet its financial obligations. ...

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