Iraq cancels Kirkuk crude cargoes as Kurds sell more
Iraq has told the Turkish port of Ceyhan that all Kirkuk crude loadings are cancelled due to a lack of oil after Iraq's Kurdistan region ramped up independent sales, a shipping agent said. Semi-autonomous Kurdistan boosted independent sales in June while cutting allocations to Iraq's state oil marketing organisation (SOMO) in a dispute over export […]Iraq has told the Turkish port of Ceyhan that all Kirkuk crude loadings are cancelled due to a lack of oil after Iraq's Kurdistan region ramped up independent sales, a shipping agent said.
Semi-autonomous Kurdistan boosted independent sales in June while cutting allocations to Iraq's state oil marketing organisation (SOMO) in a dispute over export rights and budget payments. Companies including Eni, Socar, Repsol and BP have cancelled cargoes, according to shipping lists. "SOMO Baghdad have sent an instruction to the terminal informing that all nominations have been cancelled," the shipping agent said in a notice to clients.
