Turkey “Not Sure” who’s Buying KRG Oil

By John Lee.

Turkish Energy Minister Taner Yıldız (pictured) told journalists on Monday that a third shipment of oil from Iraq’s Kurdistan Regional Government (KRG) had been transported via Turkey’s Ceyhan pipeline and that a fourth was being prepared for shipment.

According to a report from Cihan, the transactions for the oil sales are being conducted by the Turkish state-run Halkbank, and $93 million has been deposited in the bank after the sale of the first KRG oil shipment ast month.

However, Yıldız said he is not sure who is buying the oil. It was reported last Friday that the first shipment of oil from the KRG reached Israel’s Ashkelon port, but the KRG has denied selling oil either directly or indirectly to Israel.

(Source: Cihan)

One Response to Turkey “Not Sure” who’s Buying KRG Oil

  1. Blowout week 26 | Energy Matters June 29, 2014 at 6:26 pm #

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