A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its cargo is available at half-price. Any country seizing the bargain is helping Iraq’s Kurds to win greater independence.
An oil tanker hauling crude from Iraq’s semi-autonomous Kurdish region left Morocco’s territorial waters without unloading, days after the same ship u-turned in the Atlantic Ocean amid a legal challenge relating to its cargo.
The Iraqi government will pay foreign oil companies producing in the country’s northern Kurdish region under a deal reached to resume crude exports from the area, Oil Ministry spokesman Asim Jihad said.
One crude unit that was in maintenance at Iraq’s biggest refinery will restart ahead of schedule to compensate output lost in a sabotage attack two days ago, said Asim Jihad , a spokesman for the Oil Ministry.