• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 5 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 15 hours Socialists want to exorcise the O&G demon by 2030
  • 55 mins Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 10 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 16 hours Chevron to Boost Spend on Quick-Return Projects
  • 23 mins Maritime Act of 2020 and pending carbon tax effects
  • 23 hours UK, Stay in EU, Says Tusk
  • 16 hours Conspiracy - Theory versus Reality
  • 1 day What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 1 day German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 23 hours Regular Gas dropped to $2.21 per gallon today
Alt Text

EIA: OPEC Production To Fall By 1 Million Bpd This Year

The Energy Information Administration expects…

Alt Text

Oil Markets Could See Deficit In 2019

The OPEC+ cuts and slowing…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Trending Discussions

Erdogan Threatens To Cut Off Kurdish Oil Exports

Turkey could cut off the crude oil flow from the northern Iraqi region of Kurdistan, Turkish President Recep Tayyip Erdogan said on Monday, putting further pressure on Kurdistan over what Ankara sees as an illegitimate separatist vote.

Turkey—which is vehemently opposing today’s referendum on independence from Iraq that the Kurdistan Regional Government (KRG) has called—is crucial to Kurdistan’s oil exports to the world, because most Kurdish oil is moved through a pipeline to the Turkish port of Ceyhan.

Turkey has the largest Kurdish population in the region and sees the referendum as a serious matter for its own security. Iraq and Iran are also strongly opposing the Kurdish referendum. So are the U.S. and Western European powers, who have called for the vote to be canceled because it could further destabilize the region and distract from efforts to defeat ISIS.

The referendum is proceeding, and the President of the Kurdistan Region, Masoud Barzani, tweeted that he had voted.

(Click to enlarge) 

Turkey’s Erdogan did not say that he had definitively decided to cut off the oil exports of Kurdistan, but made clear that the option was on the table, according to Reuters.

“After this, let’s see through which channels the northern Iraqi regional government will send its oil, or where it will sell it…We have the tap. The moment we close the tap, then it’s done,” Erdogan said, as quoted by Reuters. Related: U.S. Shale’s Most Productive Play May Peak By 2021

Earlier today, Turkey’s Prime Minister Binali Yildirim said that his country would not recognize the outcome of the Kurdish referendum, and could take punitive measures against the KRG, evaluating measures concerning border gates and air space.

According to shipping sources who spoke to Reuters, the oil flow from Kurdistan via Ceyhan was transiting as normal as of Monday morning local time. On Sunday, Iraq called on foreign countries to stop direct imports of oil from Kurdistan and to deal only with the central government.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News