Iraq/Kurdistan: Kurdistan Ramps Up Independent Oil Sales

Jun 29, 2015 | Humeyra Pamuk, Ahmed Rasheed, and Isabel Coles, Reuters
View Original

Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments. Kurdistan has sold at least 9 million barrels of oil in 11 tankers from the Turkish port of Ceyhan so far in June, according to shipping data and traders, compared to 5 million it allocated to SOMO in early June after which transfers largely stopped.