A Reuters investigation reveals a booming black market for Kurdish oil, with thousands of tanker trucks smuggling crude to Iran and Turkey despite a pipeline closure.
Kurdistan hasn’t been able to export its oil via a pipeline for more than a year now, but crude continues to flow out of the semi-autonomous Iraq i region—on tank trucks to the border with Iran . More than 1,000 such tank trucks are estimated to be transporting at least 200,000 barrels per day bpd of Kurdish oil to Iran and Turkey , a Reuters investigation has found.
The ICC ruled in favor of Iraq, which had argued that Turkey should not allow Kurdish oil exports via the Iraq-Turkey pipeline and the Turkish port of Ceyhan without approval from the federal government of Iraq. Now, only Iraq’s state oil marketing firm SOMO has the right to sell crude oil produced anywhere in Iraq. And it looks like the re-opening of the pipeline to Ceyhan on the Turkish Mediterranean coast is not a priority for politicians in Baghdad.
Oil Smuggling Iraq Iran Turkey Pipeline Closure OPEC Reuters Investigation Black Market Ceyhan
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