Iraq/Kurdistan: Baghdad Threatens Legal Action against KRG over Authorized Exports

Jun 27, 2017 | Zainab Calcuttawala, OilPrice.com
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Two weeks after a 700,000-barrel tanker named Neverland reportedly began its journey towards the U.S. East Coast, Baghdad declared its readiness to challenge the legal validity of Kurdish oil exports in American courts, according to a new report by S&P Global Platts. The ministry will challenge the legality of any shipments originating from semiautonomous Kurdistan, according to an anonymous senior Iraq oil ministry official. Tensions between Erbil and Baghdad have been brewing in recent weeks as the war against the Islamic State (ISIS) winds down and the Kurds prepare for a referendum on independence scheduled for September.