Iraq Bans KRG Tankers

By John Lee.

Platts reports that Iraq has banned three oil tankers from loading at its oil terminals.

in response to direct exports of crude by the Kurdistan Regional Government over the objections of Baghdad, shipping market sources said Friday.

The United Carrier (pictured), the United Dynamic and the Nautilus have previously transported crude on behalf of the KRG. The United Dynamic and the United Carrier are managed by Greece-based Marine Management Services (MMS).

A document from Iraq’s State Oil Marketing Organization (SOMO) gave no reason for the ban, but a chartering source told the news agency:

Ships that loaded Kurdish crude have been blacklisted by Iraq …

“Maybe they [shipping companies] are getting a high premium [for loading Kurdish] crude and their activity is not reported.”

(Source: Platts)

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