Video: Israel Imports 77% of its Oil from Kurdistan

A new report suggests that Israel has bought more than three-quarters of its oil from the government of Iraq’s semi-autonomous Kurdistan Region.

According to the Financial Times, Israeli firms and refineries imported over 19 million barrels of oil worth one billion dollars between May and August 20-15.

That’s almost 77 percent of the crude exported to Israel through Turkey’s port of Jeyhan [Ceyhan].

Reports of Kurdish oil being sold to Israel emerged in June 2014.

But the Kurdistan Regional Government has denied direct sales, saying it doesn’t care where the crude is delivered.

There’s been a dispute between the Iraqi central government and Kurdistan regional administration over crude sales from northern Iraq.

Baghdad argues that the oil belongs to Iraq as a nation and should therefore be sold through the Petroleum Ministry.

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