ERBIL, Kurdistan (Bloomberg) -- As modern Iraq collapses, the northern region of Kurdistan is emerging as an oasis of relative calm -- with plenty of oil to support its political ambitions for independence. With the advance of Islamist rebels deep into Iraq, autonomous Kurdistan is increasingly rejecting Baghdad’s claims over its oil. Last week Kurdish leader Massoud Barzani seized control of fields near Kirkuk, in the latest move by Kurdistan to assert control over the region’s oil.
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