Third cargo of Kurdish oil ‘set to leave’ amid Iraqi crisis

Iraq's Kurdistan region is ramping up independent oil exports, with a third tanker set to load a cargo of crude from its disputed pipeline as Iraq struggles to stop an insurgency by Islamist militants, its autonomous region.

The third tanker is scheduled to depart Turkey’s Mediterranean port of Ceyhan on June 22 carrying oil pumped through Kurdistan’s new pipeline, which by-passes Baghdad, Turkish Energy Minister Taner Yıldız said June 16.

Iraqi Kurdistan began independent pipeline exports via Turkey in May, despite protests from Baghdad which claims it has the sole authority to sell Iraqi oil via state-marketer SOMO.

Oil flows through the Kurdistan Regional Government’s (KRG) pipeline to Turkey have continued uninterrupted despite a lighting advance by Sunni militants in northern Iraq that threatens to dismember the OPEC country.

“A third tanker is scheduled for June 22 to export the oil coming from northern Iraq,” Yıldız told reporters. Energy officials said the tanker will be carrying 1 million barrels of crude.

But Yıldız declined to elaborate on the buyer. “Iraq is carrying out the tender and the sale for this oil... That’s why we don’t go into the ‘which country did it sell, when did it sell’ types of issues.”

The oil is loading despite previous setbacks to the KRG’s attempts to sell this controversial oil. Its first exports have still not discharged for a refinery.

Baghdad’s threats of legal action and the black-listing of buyers has dissuaded most from touching Kurdistan’s new crude stream.

The KRG’s exports of smaller quantities of trucked oil has found many buyers but the central government is...