Iraq/Kurdistan: Iraqi Kurdistan Oil Heads To Asia — And China Reportedly Wants A Bunch

Sep 17, 2014 | Ron Bousso, Jonathan Saul, and David Sheppard, Reuters, Business Insider
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At least 3 million barrels of Iraqi Kurdish oil are on ships heading to Asia, with trade sources naming China as a possible destination as the autonomous region expands efforts to establish independent oil sales in defiance of Baghdad.

Two sources with knowledge of the matter said Iraqi Kurdistan was in talks to potentially supply China with 4 million barrels of oil.

Reuters was unable to identify the Chinese parties involved in the talks, which the sources declined to name, and it was not clear if the cargoes currently on the water were part of the discussions.