Iraqi Kurdistan completes first oil shipment to int’l market

Iraqi Kurdistan completes first oil shipment to int’l market

PanARMENIAN.Net - Iraq's self-ruled northern Kurdish region says it has completed its first oil shipment to the international market, bypassing the central government in Baghdad.

Baghdad's Arab-led government and ethnic Kurds have a long-running dispute over the right to develop and export natural resources as both rely on different interpretation of Iraq's constitution. Baghdad maintains the Kurdish region's separate energy deals are illegal.

The Kurdish Ministry of Natural Resources said in a statement Friday, May 23, that over 1 million barrels were loaded Thursday night in Turkey's Ceyhan port and shipped to Europe. It didn't name the buyer or give other details.

Baghdad has warned that it will sue those buying Kurdish oil.

 Top stories
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
Partner news