Kurdistan begins oil exports
LONDON, Oct Canada Goose Outlet 23 (Reuters) Kurdistan oil has begun to reach international markets in independent export deals canada goose uk black friday that further challenge Baghdad claim to full control over Iraqi oil after first signing independent exploration deals with foreign oil majors last year.
canada goose coats on sale The move is likely to enrage the government, which is still locked in a battle with Exxon Mobil over its independent deal with Kurdistan canada goose uk outlet last year to explore for oil in six Kurdish uk canada goose blocs. canada goose coats on sale
canada goose black friday sale But it also paves the way towards greater Kurdish autonomy as Baghdad has long insisted it alone has the right to market Iraqi oil and gas products. canada goose black friday sale
canada goose deals The involvement of two of the world largest trading houses, Trafigura and Vitol, could make it difficult buy canada goose jacket for Baghdad to retaliate, as it depends on those firms for a proportion of its refined oil imports like gasoline and diesel. canada goose deals
buy canada goose jacket cheap If Baghdad were to decide to shop elsewhere, it could face paying much higher prices for its fuel. buy canada goose jacket cheap
canada goose coats Traders and a shipping source told Reuters that Trafigura snapped up the first cargo of Canada Goose sale Kurdish light canada goose factory sale oil, known in the industry as condensate, offered for delivery in October via the intermediary Powertrans in a public tender. canada goose coats
The oil canada goose clearance sale was trucked across the country from a Kurdish field to Turkey, where it loaded at the start of the month.
canada goose Vitol was quick to follow, becoming the second major oil firm to buy Kurdish oil marketed independently of Baghdad, picking up a second 12,000 tonne cargo of condensate for loading at the end of the month. At around $890 a tonne, Canada Goose online each shipment is worth over $10 million. canada goose
buy canada goose jacket A spokesman for the Kurdistan Regional Government (KRG) said the Kurdish condensate is being swapped for refined products with a private Turkish company with no cash involved. buy canada goose jacket
Canada Goose sale the private Turkish company does Canada Goose Jackets with the condensate it canadian goose jacket owns is canada goose clearance not the cheap Canada Goose responsibility of the KRG, he said. Canada Goose sale
canada goose store This direct trade, which began last canada goose uk shop summer, is intended to help plug a shortfall of kerosene and diesel, which the uk canada goose outlet region needs to fuel its power stations. Though endorsed by Ankara, Baghdad said the deliveries by truck were illegal. canada goose store
Iraq government spokesman Ali Dabbagh said any deals independently agreed with Kurdistan are illegal and trading Kurdish oil and gas products without the central government consent amounts to smuggling.
maintains its right to legally pursue all those who participate in smuggling the property of the Iraqi people locally or internationally, he said, commenting Canada Goose Online on the Kurdish sales of oil to the Swiss trading houses.
Trafigura declined to comment, while Vitol confirmed it had bought a parcel for loading in Turkey, declining to comment any further on the deal.
small parcel was Canada Goose Coats On Sale bought in a public tender, FOB Toros terminal, Turkey. No further comment, spokesman Mark Ware said.
canada goose clearance In cheap canada goose uk addition to supplying Baghdad with products, Vitol also has two term deals to buy Iraqi crude in 2012 for a total of around 22,000 barrels of oil per day (bpd). canada goose clearance
Canada Goose Jackets EXPANSION canada goose coats Kurdistan potential as a major oil producer and exporter has proved to have greater weight with foreign oil firms than warnings by Baghdad that signing contracts with https://www.goosefrshop.com the autonomous region could put their contracts in the south at risk. Canada Goose Jackets
cheap Canada Goose Exxon Mobil has been followed by other majors including Chevron, Total and Gazprom, as production sharing deals with Arbil are seen as a far better arrangement than Baghdad fee for service contracts. cheap Canada Goose
Similarly, on the trading side, better prospects in the north have caught the attention of major oil traders, who are now prepared to risk Baghdad anger to gain a foothold in Kurdistan while the region heads towards greater autonomy.
Canada Goose Parka this flow (exports from Kurdistan) is meant to be huge. Crude, naphtha, LPG, condensate, but yes, very political, said an oil trader, commenting on the logic for risking relations with canada goose store Baghdad. Canada Goose Parka
canadian goose jacket So canada goose far, Kurdistan export volumes are tiny in comparison to its daily exports via national pipelines, moving around 1,000 tonnes of oil per day (about 8,000 bpd) to Turkey by truck, but deliveries are on the rise. canadian goose jacket
canada goose clearance sale A Kurdish industry black friday canada goose source in Arbil said condensate volumes were expected to reach 1,500 tonnes per day (about 12,000 bpd) canada goose black friday sale by the end of October and more trucks would be made available towards the end of the year. canada goose clearance sale
Canada Goose Outlet Kurdistan, autonomous with its own government and armed forces since 1991, gets Canada Goose Parka central government funding and uses national pipelines to ship its oil. Canada Goose Outlet
Canada Goose online The process has however been stop start over the years due to a long running feud between Baghdad and Arbil over canada goose coats on sale oil and land rights. Exports were halted in April in a dispute over payments from buy canada goose jacket cheap Baghdad to companies working in the region and restarted in August. Canada Goose online
In September a new deal was agreed with the central government on crude exports (set at 200,000 bpd in the last quarter of the year) and supply of refined oil products.