KRG’s Minister of Natural Resources: Kurdistan’s oil not sent to US

"KRG's policy is to discuss and solve problems with Baghdad and not to create new obstacles."

ERBIL, Kurdistan Region (Kurdistan24) – The Kurdistan Regional Government’s (KRG) Minister of Natural Resources said on Thursday that contrary to reports, the Kurdistan Region oil crude shipment is not heading to the US.

Ashti Hawrami, Minister of Natural Resources said on Thursday that the buyers of the Kurdistan Region crude oil will not send cargo to the US.

"I have made inquiries with our crude buyers and was assured that no cargo with crude is going to the United States," Hawrami told Reuters.

"Oil could be stored or sent to other places, but not the US," Hawrami said, stating that the KRG is selling its crude on a free-on-board basis and therefore is not directly involved with final buyers.

On June 23, Bloomberg reported that an oil tanker loaded with the Kurdistan Region’s crude oil was on route to the US after a three-year pause due to Erbil-Baghdad row.

Following the cut of the Kurdistan Region’s share of the federal budget by Baghdad, the Region started exporting crude oil independently, a move strongly opposed by the Iraqi government.

The dispute escalated when Kurdistan’s deliveries to the US were blocked and Iraqi government threatened to take action against companies transporting the Region’s crude.

"We do not have any intention of upsetting Baghdad. Our policy is to discuss and solve problems and not to create new obstacles," Hawrami concluded.

 

Editing by Ava Homa