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Iraq
Iraqi Kurdistan gets around $100 million for first major oil export as third oil tanker
2014-06-24
Third tanker loaded with Kurdistan oil to leave Turkey's port of Ceyhan. Energy Minister, Taner Yildiz says Turkey does not know who bought the oil.
Israel claims they already received it. But Turkey has not been officially informed of this, and it's rumoured that President Obama will look without fondness on anyone facilitating the breakup of Iraq by buying what Kurdistan hasn't official govenrment approval to sell.
Yildiz said in a press statement Monday "The Kurdistan oil's sales are being deposited to a Turkish government bank."
More in the article.
Perhaps that last is one reason Turkey has looked so favourably upon Kurdistan recently.
Posted by:Squinty

#5  Kookie r gud
Posted by: badanov   2014-06-24 22:21  

#4   will likely make Kerry's head explode.

We can only hope!
Posted by: Old Patriot   2014-06-24 22:15  

#3  Under a 2003 agreement sales of Iraqi oil were to be deposited in an account held by JPMorgan Chase in NY city. Thus, the deposit of funds received for sale of Kurd oil through Ceyhan, Turkey, in the Turkish bank will likely make Kerry's head explode.
Posted by: Muggsy White8658   2014-06-24 08:32  

#2  President Obama will look without fondness

He'll hate Israel more than he does now?
Posted by: g(r)omgoru   2014-06-24 03:48  

#1  Kurdish officials have pledged to stick by Iraq's revenue-sharing framework, which sees Erbil take 17% of the proceeds from all national oil sales. But successful deposits for their oil would give more leverage to the KRG as it seeks greater economic independence, and could pave the way for Kurds to access international loans to fund their budget.

"When we approach international finance houses, they look to whether we can export and sell the oil. Now that we have done that, it is easier to get loans," KRG spokesman Safeen Dizayee said Monday in an interview. "There are serious negotiations, and I think we will get a deal soon."
Posted by: Squinty   2014-06-24 00:05  

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