Kurdish Oil Nears US Marketplace

By Patrick M Schmidt.

After a long journey across the Atlantic Ocean, the oil-tanker, United Kalavrvta [United Kalavryta], is just miles off the coast of Florida. The tanker is loaded with one million barrels of crude oil that has a current market value of approximately $100 million (117 billion Iraqi dinars).

The oil onboard is sourced from oilfields in the Kurdistan region, and the vessel is expected to dock in Galveston, Texas, on Saturday.

The Iraqi central government has made it clear that any nation who purchases oil sold direct from the Kurdistan Regional Government (KRG) will face legal action. However, for the KRG the successful sale of oil independent from the Iraqi central government would prove a major step in their possible bid for independence.

(Source: Reuters)

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