• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 14 hours America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 3 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
Traders Boost Bullish Bets on Oil

Traders Boost Bullish Bets on Oil

Money managers have become increasingly…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

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.   

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News