• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 18 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Russia, Ukraine and "2022: The Year Ahead"
  • 9 mins January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 15 hours Energy Storage Could Emerge As The Hottest Market Of 2022
  • 3 days Following the Big Money
Declining U.S. Petroleum Inventories Push Oil Prices Higher

Declining U.S. Petroleum Inventories Push Oil Prices Higher

U.S. commercial petroleum stocks are…

Biden Desperately Needs To Bring Oil Prices Down

Biden Desperately Needs To Bring Oil Prices Down

President Joe Biden is facing…

Turkey To Meet With Iran, Iraq Over Kurdish Independence Vote

Turkish Prime Minister Binali Yildirim said on September 28 that he wants to hold a summit with Iranian and Iraqi leaders to coordinate their response to the Kurdish vote for independence in Iraq.

"We are planning to come together in the near future to coordinate the steps to be taken for the next period," Yildirim told reporters in Turkey. "We want a three-way summit," he said.

Yildirim's office said he discussed the referendum in a phone conversation with Iranian First Vice President Eshaq Jahangiri on September 28.

Iran, Iraq, Syria, and Turkey all have sizable Kurdish populations and have had to deal for years with Kurdish restiveness and calls for autonomy.

The biggest share of the approximately 30 million Kurds in the region live in Turkey, which for decades has battled the PKK Kurdish militant group fighting for independence within its borders.

Although the Kurdish region in northern Iraq already has a considerable degree of autonomy from Baghdad, its voters this week endorsed a nonbinding resolution calling for independence by a margin of 92.7 percent.

Baghdad, Ankara, and Tehran have refused to recognize the results of the vote and are now seeking to pressure the Iraqi Kurds to back down on their bid for independence by cutting economic ties and isolating the region.

Related: Traders Are Betting On $100 Oil In 2018

Turkey has threatened to shut its border with Iraq's Kurdish region and halt the flow of oil from that region through a pipeline to Turkey's Mediterranean port of Ceyhan.

Iraqi Prime Minister Haidar al-Abadi's office said on September 28 that Turkey also agreed to deal only with the Baghdad government in the future on crude oil exports.

Iraqi Kurdish officials say they can withstand an economic blockade because they are self-sufficient in power generation and fuel supply, and have fertile agricultural land.

They also say that most of the trucks crossing the Turkish border are only traveling through the Kurdish region on their way to territory controlled by Baghdad, so any blockade would hurt Turkey's and Iraq's

By RFE/RL

More Top Read From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Naomi on September 29 2017 said:
    The USArmy recently supplied Kurds with $2.2 billion military equipment. More follows.

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