By John Lee.
A Greek shipping company has reportedly agreed to settle with Baghdad over its role in the export of crude oil from Iraqi Kurdistan, which Baghdad regards as illegal.
Last September, the federal government in Baghdad filed a $300-million lawsuit against Marine Management Services (MMS), and subsequently banned three of its oil tankers from loading at its oil terminals.
According to a report from Rudaw, MMS apparently agreed that as soon as its current contracts with the KRG expire towards the end of this year, it will not load any Kurdish oil not approved by Baghdad.
(Picture: MMS’s United Kalavrvta)