Oil and Kurdish independence

December 12, 2014 2:47 AM

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Oil and Kurdish independence

Iraq’s Kurds have long argued that they have nothing to lose by fighting for independence but the chains represented by Iraq’s Arabs. For decades they have been waiting for, and sometimes trying to create, the right moment to go their own way.

When Kurdistan started extracting oil after gaining autonomy following the US-led invasion of Iraq in 2003, hopes were high among the Kurds that lucrative revenues would be used to build an independent economy and help them to break away from Iraq.

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