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The Real Reason Why Turkey Is Still Blocking KRG Oil

OilPrice · Simon Watkins · last updated
There has been much excitement in recent days among those who know nothing much worth knowing about the use that the long-running ban on oil sales from the Kurdistan Region of Iraq (KRI) to Turkey may be lifted soon. Supposedly, the government of the Erbil-based semi-autonomous region of Kurdistan (the KRG) and the Baghdad-based Federal Government of Iraq (FGI) have agreed on a new mechanism for oil exports from the Kurdistan Region to the Turkish port of Ceyhan. Under the agreement, 50,000 barrels per day (bpd) will be reserved for domestic use…