DNO Eyes First Kurdistan Crude Shipment
Norwegian firm DNO expects its first shipment of oil from Kurdistan to be sold on the international market by the end of the year and said it was committed to its operations in the region despite the recent flare-up in violence. The firm could until recently only sell oil on the local Iraqi market, at lower prices than it would have got on the international oil market, due to a long constitutional fight between the region and Baghdad over independent oil sales. That changed earlier this month when the Kurdish Regional Government allowed oil firms to seek out international buyers. Oil revenue is a lifeline for the KRG, whose peshmerga fighters are fighting Islamic State militants.
Turkey: Iraqi Kurdistan Exports Continue
Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal. Yildiz said crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrel-per-day (bpd) pipeline began at the end of 2013 but the first cargo was not loaded until May. The Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by U.S. air strikes in their battle against the radical Sunni militants of the Islamic State, has been in a long constitutional fight with Baghdad over independent oil sales.
Oil Production gets Disrupted in Iraqi Kurdistan
Oil companies in Iraqi Kurdistan began withdrawing more staff on Friday in the siege of militants from the Islamic State to the capital of the region, with Afren became the first to announce that he was reducing their production. Shares in London-listed oil and operating in northern Iraq fell for a second day because the closure and evacuation of personnel at other sites became more likely in a region hitherto considered relatively safe compared to rest of the country. The United Islamic group considered non-Muslims and adherents of Shia Islam as apostates and in many cities that has taken control made a tough proposition: become, escape or die.
Iraq's Kurds Have Right to Sell Oil While Squeezed by Baghdad
Iraq's Kurdish region has the right to keep selling oil as long as the Baghdad government keeps cutting its budget, the head of the Kurdish parliament's energy committee said on Tuesday, as an oil cargo off Texas was set to be seized at Baghdad's request. "The KRG (Kurdish Regional Government) has the right to sell oil if Baghdad continues to cut KRG's budget, disrupt the livelihood of its people and impose an embargo," Sherko Jawdat told Reuters. U.S. authorities were set on Tuesday to seize a cargo of crude worth more than $100 million from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in the oil dispute between Iraq's central government and the Kurdish autonomous region.
Tanker with Iraqi Kurdish Oil Anchors off Texas Port
A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, and must undergo a routine safety inspection by the U.S. Coast Guard on Sunday before it can unload its cargo, an official said. The Marshall Islands-flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington's concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.
Iraqi Kurdish Oil Nears US Port Despite Concern in Washington
A tanker carrying crude oil from Iraqi Kurdistan is just one day away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales from the autonomous region. The United Kalavrvta tanker, which left the Turkish port of Ceyhan in June carrying oil delivered via a new Kurdish pipeline, is due to dock in Galveston, Texas on Saturday, Reuters AIS Live ship tracking shows. A sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, and raises questions about Washington's commitment to preventing oil sales from the autonomous region.
Second Tanker of Kurdish Oil Leaves Turkey Despite Baghdad Protest
A second shipment of Iraqi Kurdish crude has sailed from the Turkish port of Ceyhan, industry and government sources said, increasing the stakes in a battle with Baghdad over control of oil sales from the autonomous region. The United Emblem suezmax tanker, carrying 1 million barrels of crude, sailed from the harbour on Turkey's Mediterranean coast on Monday, Reuters AIS Live ship tracking showed. The shipment is the second to leave Ceyhan in three weeks after arriving by pipeline. At least 2 million barrels of Kurdish crude are now at sea, despite protests from Baghdad that only the central government has the right to sell Iraqi oil.
Italy Warns Oil Traders off Kurdish Tanker
Italy sees possible Iraqi legal action over Kurdish oil; Kurds, Baghdad battle over sales from autonomous region. Tanker of Kurdish oil currently floating off Morocco. Italy has warned oil traders they face potential legal action from Baghdad if they buy disputed exports of crude from Iraqi Kurdistan, in the latest setback for the autonomous region in its struggle with the central government over oil sales. The Kurdish Regional Government (KRG) loaded its first pipeline shipment of Kurdish oil onto the United Leadership tanker at the Turkish port of Ceyhan two weeks ago, in a move it said was designed to show Baghdad it controls its own oil sales.
Kurdish Oil Tanker Leaves Moroccan Port Without Unloading
Iraqi Kurdistan's bid to sell its first tanker of crude oil appeared to suffer its second setback in as many weeks on Thursday after the ship left a port in Morocco without a sale which the central Iraqi government opposes. The United Leadership tanker, a symbol of a long-running feud between Baghdad and the Kurdish Regional Government over oil sale rights, loaded one million barrels of Kurdish crude on May 22 and has changed course twice abruptly without discharging oil. KRG Prime Minister Nechirvan Barzani said last week the tanker was designed to show Baghdad that the Kurds controlled their own oil sales. But Iraq's central government in Baghdad, which has deemed any exports of oil not under its control illegal, so far appears to have been successful in warding off potential buyers.
Tanker with Piped Iraqi Kurdish Oil U-Turns Away from US
A crude oil tanker at the centre of a dispute between Iraqi Kurdistan and Baghdad has reversed course from its route towards the United States, ship-tracking data showed on Friday, indicating that the shipper may not have a buyer. The United Leadership oil tanker has become a symbol of a wider conflict between Baghdad and Iraqi Kurdistan over oil sales from the autonomous northern enclave, as it contains the first crude to come out of the region's newly built pipeline into Turkey. Since loading at the Turkish port of Ceyhan last week, the United Leadership set course for the U.S. Gulf Coast, according to ship-tracking and market sources. The U.S.
Iraq – Swedish Transport Academy Inaugurated
Sweden’s Minister for Trade, Ewa Björling and ministers of the Kurdistan Regional Government today inaugurated the Swedish Transport Academy in Erbil, northern Iraq. The training is targeted at young unemployed Iraqis with a secondary school background and offers occupational skills demanded in the transport sector. The establishment of the school is the result of close cooperation between Scania, the Swedish International Development Cooperation Agency (Sida), the United Nations, EF Education First and the Kurdish Regional Government’s Ministry of Labour and Social Affairs.