20.11.2014 - 08:25 [ International Business Times ]

Baghdad Sends $500 Million To Kurdish Officials To Ease Oil Tensions

For the past six months Iraqi Kurdistan has been exporting oil via a pipeline that runs through Turkey to the Mediterranean port of Ceyhan, without the consent of the Baghdad government, which is required by law. Iraqi Oil Report wrote that the Kurdistan Regional Government is pumping about 120,000 barrels a day from two fields in the Kirkuk region. Dozens of tankers have picked up some of that oil in Ceyhan. So far, it is not clear if any of those tankers have offloaded oil to buyers.