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.
Crude oil is flowing to Turkey from Iraq’s semi-autonomous Kurdish region at a pace of 100,000-120,000 barrels a day, Turkish Energy Minister Taner Yildiz said, according to state-run Anadola news agency, signaling shipments are unaffected by violence fracturing Iraq.
Turkey may buy more Iranian natural gas if a price dispute can be settled, Prime Minister Recep Tayyip Erdogan said after talks with Hassan Rouhani, the first Iranian president to visit Turkey in 18 years.
Turkey and Iraqi Kurds defended last week’s sale of more than 1 million barrels of Kurdish oil to world markets, dismissing Baghdad’s claim before an international court that the sale was unauthorized.
More than one million barrels of Kurdish oil were shipped from Turkey to Europe yesterday, Turkey’s energy minister and the Iraqi Kurdish administration said, prompting Iraq to try and block the transaction.
Turkish authorities have detained 24 people in the country’s worst mining disaster, including executives from the company that operates the mine where 301 workers perished in a fire, state-run Anadolu news agency said.