According to S&P the epidemic coronavirus has left a negative impact on crude oil drilling in the Kurdistan region.

The Kurdish Regional Government announced that oil production in some of the region's oil fields has stopped restrictions have been made for the employees and workers of companies such as Norway’S DNO, Britain's Genel Energy and Gulf Key Stone.

According to the report some oil companies such as Genel Energy, may fail to reach the target production ceiling in the Kurdish region for 2020.

Also, a sharp drop in oil prices has reduced the ability of these companies to continue their activities in Kurdistan Region, although some such companies, including Genel Energy, have stated that selling the KRG oil would benefit them at a price of $30. But the issue is that in most world oil markets, oil prices have fallen to under $30.

Reporter’s code: 50101