By John Lee.
Oil firms expecting to load Kirkuk crude at the Turkish port of Ceyhan have had to cancel tankers, as the Kurdistan Regional Government ramps up independent oil sales at the expense of sales through the State Oil Marketing Organization (SOMO).
According to a report from Reuters, tanker cancellations included Eni’s Seanostrum, Socar’s Oklahoma, China Oil’s Baltic Galaxy, Saras’s Baku, Repsol’s Afra Laurel and BP’s SKS Satilla.
The latest cancellations bring the number of cargoes which failed to load Kirkuk crude in June to 12.
(Source: Reuters)
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#Ceyhan Tanker Cancellations Increase
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Confirming that KRG is now exporting its own oil to get its own cash, at the expense of SOMO oil. http://t.co/sitqBcps1W #Kurdistan #Oil