Iraqi Kurdistan oil heads in talks with China


Iraqi Kurdistan oil heads to Asia, in talks with China

At least 3 million barrels of Iraqi Kurdish oil are on ships heading to Asia, with trade sources naming China as a possible destination as the autonomous region expands efforts to establish independent oil sales in defiance of Baghdad.


Two sources with knowledge of the matter said Iraqi Kurdistan was in talks to potentially supply China with 4 million barrels of oil. Reuters was unable to identify the Chinese parties involved in the talks, which the sources declined to name, and it was not clear if the cargoes currently on the water were part of the discussions.


A deal could place Beijing on a collision course with Baghdad, one of its major crude oil suppliers, which has tried to block the Kurdish sales that it says are illegal. The Kurdistan Regional Government (KRG) argues they are allowed under the Iraqi constitution.

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