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No End In Sight For Kurdistan's Oil Export Problems

Politics, Geopolitics & Conflict

The legal dispute between Iraq and Turkey, which led in May to the halting of the Kurdistan Regional Government's (KRG) only oil export pipeline, taking 450,000 bpd off the market, could face further delays in restarting due to infighting in the Kurdish parliament. This week, 50 MPs resigned from Iraqi Kurdistan’s parliament in protest against a court decision that ruled a year-long election postponement was unconstitutional. Fighting amongst parliamentarians from the two leading parties (the KDP and the PUK) turned physical recently, with MPs throwing water bottles at each other and breaking out into fistfights. The Kurds are said to have lost some $2 billion since Turkey turned the pipeline off over an illegal dispute with the Iraqi federal government. In the meantime, reports have emerged that the Iraqi government has been sending KRG oil to Mosul (controlled by the federal government) rather than to Erbil (Iraqi Kurdistan) for refining. This oil is being redirected for domestic Iraqi consumption.

The situation in Libya is dangerously close to coming full circle for the oil industry, with the authorities in the east threatening another oil export blockade in protest against the use of energy revenues by Tripoli (the western authorities). The head of eastern-based House of Representatives (HoR), Osama Hammad, accused the Libyan National Oil Company (NOC) of definitively “siding” with the Government of National…





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