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Iraq blacklists tankers involved in shipping Kurdish crude

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Tue Aug 30, 2016 7:06am EDT


Iraq blacklists tankers involved in shipping Kurdish crude

By Dmitry Zhdannikov | LONDON

Aug 30
Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue.

Kurdistan has been exporting crude independently via Turkey since mid-2015 after saying Baghdad had failed to respect an oil revenue-sharing deal and transfer enough money to Erbil.

Baghdad, which exports most of its oil from the Gulf, has said Erbil was not exporting enough crude under the deal.

Last week SOMO sent market participants a letter - seen by saying it would no longer allow the ships Maran Centaurus, Four Smile and SN Olivia, which had been shipping Kurdish oil, to enter Iraqi ports or export its crude.

Baghdad has regularly sent such letters in the past. It had refrained from doing so in recent months as it was preparing for new talks on revenue-sharing with Kurdistan and had resumed shipping crude from the northern Kirkuk fields to Kurdistan.

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