Iraq northern oil allegedly travelling through Talabani-controlled KRG and into Iran

Plus: • South Korea weighs deals between Baghdad or Irbil • Iraq oil sales bring in nearly $5 billion in November Iraq oil produced by the Norwegian firm DNO, via a production sharing contract with the Kurdistan Regional Government, is allegedly being shipped on truck to Iran. The oil from the Tawke field, from one […]

Iraq oil produced by the Norwegian firm DNO, via a production sharing contract with the Kurdistan Regional Government, is allegedly being shipped on truck to Iran.

The oil from the Tawke field, from one of the KRG’s first forays into signing oil deals back in 2004, has no official place to go. Iraq’s central government is more than upset with the Kurds for moving unilaterally on developing their oil sector and accusing politicians of impasses to passing national hydrocarbons legislation. So they’ve prevented any oil from contracts signed outside the Baghdad authority from heading to market via state-owned pipelines or Iraqi refineries from processing it.

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