Turkey Shuns US (Again); Loads 5th Tanker Of $100 Million Iraqi-Kurdish Oil

Tyler Durden's picture




 

Having publicly shunned President Obama, it appears Turkish Prime Minister Erdogan has no problem upsetting the status quo. As Reuters reports, the fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey's Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish energy officials said. Baghdad is unhappy - missing out on the oil revenues. We are sure US is unhappy - oil being sold out of its control. And OPEC may be getting upset as it appears an 'anonymous' buyer is more than willing to buy the oil from the 'not sovereign status' seller militia at a healthy discount. De-petrodollarization?

 

As Reuters reports,

The cargo was the first loading of Iraqi Kurdish oil from Ceyhan in over a month, as the central government in Baghdad, locked in a bitter dispute with the Kurds over oil exports, moved to block the unloading of Kurdish oil-laden vessels in foreign ports.

 

The Suezmax tanker Kamari arrived at the port late on Wednesday, a shipping source said. It will be carrying one million barrels of crude oil.

 

"Initially there was no programme for loading today. Then we received a tanker and started to load swiftly," one Turkish official said, adding that he had no knowledge of the buyer.

 

So far, most of the buyers of Kurdish oil remain annonymous while as the intensifying legal and political struggle with Baghdad could deter potential buyers, analysts say.

 

Arguing all oil sales outside its control are illegal, Baghdad this week tried to get a Texas court to seize 1 million barrels of oil aboard the United Kalavrvta tanker, which has been anchored off the port of Galveston since the weekend.

 

But after a U.S. judge on Tuesday said she lacked jurisdiction given the ship's distance from the shore, the Kurdistan Regional Government (KRG) hit back at Baghdad, filing a letter with the Texas court arguing its sales are allowed under the Iraqi constitution.

 

Arbil has begun selling its oil via a new pipeline through Turkey in May, but so far has only successfully sold and delivered one tanker filled with oil from the line.

 

Unable to export its oil on a routine basis, Iraqi Kurdistan was forced to halt pumping in its oil pipeline via Turkey, as the storage tanks at Ceyhan have been backed up and at capacity.

 

Baghdad has cut the KRG's budget since the start of the year over the oil sales dispute, heaping pressure on the semi-autonomous enclave of 5 million that has enjoyed relative stability since the 2003 U.S.-led invasion.

*  *  *

Just add it to the list of geopolitical hot spots... we smell sanctions (on a NATO ally?)

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Fri, 08/01/2014 - 19:08 | 5035590 nidaar
nidaar's picture

Selling to Israel...

Fri, 08/01/2014 - 19:10 | 5035605 Schmuck Raker
Schmuck Raker's picture

China would be more entertaining.

Fri, 08/01/2014 - 19:14 | 5035626 Publicus
Publicus's picture

Russia buying it to resale.

Fri, 08/01/2014 - 19:23 | 5035667 HenryHall
HenryHall's picture

Russia buying it to refine more like. Export refined product to Venezuela.

Fri, 08/01/2014 - 19:26 | 5035680 knukles
knukles's picture

Karma

Fri, 08/01/2014 - 19:33 | 5035716 nmewn
nmewn's picture

Is she a pole dancer? ;-)

Fri, 08/01/2014 - 19:57 | 5035825 kaiserhoff
kaiserhoff's picture

I think I dated her sister for a while.

Fri, 08/01/2014 - 21:20 | 5036115 espirit
espirit's picture

Mysterious fireball in 3..2..1...

Fri, 08/01/2014 - 21:30 | 5036150 1000 splendid suns
1000 splendid suns's picture

Didn't Kissinger get the Sauds to jack up the oil price 4 fold? With a more 'free market' in oil, will the price drop big time?

Fri, 08/01/2014 - 19:24 | 5035671 Deathrips
Deathrips's picture

Saudi needs it to keep up the front that they still have oil. ???

 

RIPS

Fri, 08/01/2014 - 21:47 | 5036204 Quus Ant
Quus Ant's picture

dingaling-ding, rips.  Probably the real reason the US hamstrung Saddam through the 90's- That oil was in receivership.  Embargoed by the US military until the Saudis could get their hands on it.  The Saudis sold oil they didn't have to a nation that couldn't pay for it.

it's perversely fun to watch.

 

Sat, 08/02/2014 - 11:13 | 5037437 spinone
spinone's picture

Saudis lateral drilled into Iraqi oilfields

Fri, 08/01/2014 - 19:28 | 5035689 suteibu
suteibu's picture

Russia has oil.  This is for the Chinese.

Fri, 08/01/2014 - 19:36 | 5035728 Paveway IV
Paveway IV's picture

If rebels in, say, Donetsk or Luhansk oblast were selling freshly-fracked natural gas without Kiev's 'permission', Obama would be Tomahawking the living crap out of their children and sanctioning anyone who dared purchase that 'stolen' gas - because it belongs to the Ukrainian people.

Kurdish oil stolen from the Iraqi people? Fuck that - it's 'the Kurds' oil.

Israel is getting impatient about construction on the big Kirkuk-Haifa pipeline (which Iraq strongly opposes). They spent a lot of money buying off the KDP and corrupting Kurdish politicians to establish Israeli Kurdistan. Fuck the majority of Kurdish people that don't want anything to do with Israel - that God damn half-price oil WILL flow to Haifa or pedophile U.S. senators WILL be exposed. If the U.S. can't put an Israeli-firster prime minister in charge in Iraq, then screw them. Kirkuk oilfields to Turkey to the Port of Ceylon? Israel doesn't give a fuck about the route as long as they get their half-price oil on time.

Remember, Israelis are the victims here: genocide takes a lot of damn fuel. The faster they can wipe out the Palistinians, the faster they can start drilling the off-shore Gaza oilfields to have extra oil to start killing off all the other Semitic people that hate them. 

Fri, 08/01/2014 - 19:49 | 5035765 Kirk2NCC1701
Kirk2NCC1701's picture

Argentina would be equally entertainng, but unlikely as they get their gasohol from Brasil, and oil from Venezuela.

Probably some buyer named Yuan Sum or Shekel Tov.  Oil and money makes for strange bed fellows, as the US-Saudi relationship has shown.

Bonus round:  For extra up-arrows, who got the play on words with the buyer names?

Fri, 08/01/2014 - 19:19 | 5035628 813kml
813kml's picture

Definitely Israel, they love a good distress sale.  

And I'm sure they could use it, running over women and children is horrible for a tank's gas mileage.

Fri, 08/01/2014 - 19:39 | 5035732 Kirk2NCC1701
Kirk2NCC1701's picture

IDF needs cheap Gazoline.  Part of GazAid.

Fri, 08/01/2014 - 21:05 | 5036064 DaveyJones
DaveyJones's picture

reminds me of another country, running over civillians for cheap gas....?

Fri, 08/01/2014 - 19:16 | 5035632 toady
toady's picture

Gaza!

Sat, 08/02/2014 - 09:56 | 5037251 tony wilson
tony wilson's picture

 

the yid stealing iraqs oil from the thieving kurd

nuttin new under der sun.

 

Israel receives first ever oil shipment from Iraqi Kurdistan

http://www.jpost.com/Diplomacy-and-Politics/Israel-set-to-receive-oil-fr...

Fri, 08/01/2014 - 19:12 | 5035612 toady
toady's picture

Good stuff. I haven't  heard anything about the Iraqi Kurds in a while. Good to hear they're making some money. 

Last I heard was Turkey hated the Kurds. Now they're working together? 

Fri, 08/01/2014 - 19:17 | 5035638 813kml
813kml's picture

I think they $hook hand$ and decided to let bygone$ be bygone$.

Fri, 08/01/2014 - 19:29 | 5035702 knukles
knukles's picture

The enemy of my enemy is my friend.  Isis is all right if they stay the fuck outa Turkey kinda feelings, methinks.

http://www.thegatewaypundit.com/2014/07/iraqi-kurds-plead-with-obama-adm...

Fri, 08/01/2014 - 19:34 | 5035719 logicalman
logicalman's picture

+ many

Nicely put.

If you read hi$tory, it'$ amazing how everything come$ down to money. (to borrow your typing skills)

There were a lot of archers at Agincourt because the king was broke and archers were cheaper than knights!

William of Orange and the Bank of England makes for interesting reading

The Domesday book was basically a catalogue of what the Normans had stolen

Etc. etc. etc.

Fri, 08/01/2014 - 19:49 | 5035781 Parrotile
Parrotile's picture

If you read your History, you will know that the reason for the English Longbowmen being so numerous, was their known, and previously demonstrated, killing ability (accuracy and sustained firepower), along with flexibility in deployment.

Even so, the Battle of Agincourt was a much closer-won victory than many realise, with the English king very nearly being killed (which of course would have been a win for the French side).

Seeing as it wasn't that long ago (in terms of global history) since the Norman Invasion, one wonders how many of the "English" military had French ancestry??

Fri, 08/01/2014 - 20:09 | 5035870 Schaublin
Schaublin's picture

Read your history and it will be revealed that Normans were Northmen ie Norsemen who colonised that part of Northern France. By the time of William, Franks Gauls and Northmen were more or less homogenised into "the Normans"

Fri, 08/01/2014 - 20:28 | 5035930 kchrisc
kchrisc's picture

Always about money and power. ALWAYS.

If they tell you the sky is blue it is because they have found a way to monetize the fact or want you looking up while they further steal you blind.

Seeing all they say and do as being driven by money and power, I see and understand the world more completely--"It's like wearing the 'Roddy Piper glasses'."

Fri, 08/01/2014 - 19:14 | 5035624 stant
stant's picture

I hope it was served in a single hulled tanker just to piss them off more

Fri, 08/01/2014 - 19:15 | 5035629 LetThemEatRand
LetThemEatRand's picture

"Baghdad this week tried to get a Texas court to seize 1 million barrels of oil aboard the United Kalavrvta tanker, which has been anchored off the port of Galveston since the weekend."

Ah, yes.  Baghdad sued in TX court over oil sales not denominated in US dollars.  The war in Iraq was not about oil.  The war in Iraq was not about oil.  The war in Iraq was not about oil.  There, I believe it now.

Fri, 08/01/2014 - 19:17 | 5035639 williambanzai7
williambanzai7's picture

Fri, 08/01/2014 - 19:30 | 5035699 LetThemEatRand
LetThemEatRand's picture

So far tonight, I clicked on Tall Tom's graphic example of autofellatio, and now this is in my NSA/browser history.   I'm either going to be hauled off to Camp 7, or invited to the next Bilderberg meeting.

Fri, 08/01/2014 - 19:34 | 5035725 logicalman
logicalman's picture

Given the choice, I'd go with the camp.

Fri, 08/01/2014 - 19:39 | 5035743 LetThemEatRand
LetThemEatRand's picture

I'm already practicing my chain gang songs.  Tell me what you think.  Would YMCA send the wrong message?  

Fri, 08/01/2014 - 19:50 | 5035786 Parrotile
Parrotile's picture

OK as long as you're certain you won't be shipped to Saudi Arabia as part of a "We'll work for Oil" deployment!

I gather they have issues with the Village People mindset . . . . .

Fri, 08/01/2014 - 20:12 | 5035874 LetThemEatRand
LetThemEatRand's picture

Don't those guys all wear hats?

Fri, 08/01/2014 - 21:25 | 5036136 espirit
espirit's picture

Gawd William, now I've got to get new glasses - again!

Fri, 08/01/2014 - 19:54 | 5035799 toady
toady's picture

http://m.youtube.com/watch?v=z9Y_GLT4_9I

Swing low, sweet chariot.

Fri, 08/01/2014 - 20:01 | 5035827 LetThemEatRand
LetThemEatRand's picture

Love Cash.  And for good measure, some Ford:

"You load sixteen tons, what do you get

Another day older and deeper in debt

Saint Peter don't you call me 'cause I can't go

I owe my soul to the company store."

Fri, 08/01/2014 - 20:05 | 5035853 darteaus
darteaus's picture

Depends on the role you want to have with the gang going forward.

Fri, 08/01/2014 - 20:07 | 5035856 darteaus
darteaus's picture

Depends on the role you want to have with the gang going forward.

Fri, 08/01/2014 - 20:22 | 5035908 logicalman
logicalman's picture

Only if you sing it while bending over to pick up the soap while showering!

Fri, 08/01/2014 - 20:05 | 5035849 darteaus
darteaus's picture

You might be solicited to give a "presentation" at the next Democratic National Convention in 2016.

Fri, 08/01/2014 - 20:13 | 5035880 LetThemEatRand
LetThemEatRand's picture

It's interesting you say that.  I googled "tanning leather" the other day, and within 10 minutes I started getting Pelosi campaign ads.

Fri, 08/01/2014 - 19:37 | 5035735 nmewn
nmewn's picture

I can't make out the jewel in his belly button, is it a ruby? ;-)

Fri, 08/01/2014 - 20:03 | 5035846 darteaus
darteaus's picture

I can't either, but I am not going to admit that I am looking that closely.

Fri, 08/01/2014 - 21:09 | 5036083 Demdere
Demdere's picture

You bastards must work for the Mossad, CIA, etc.

You just wasted the time of every reader of these comments by making us go back up and look.

Bastards.

Fri, 08/01/2014 - 19:20 | 5035648 smacker
smacker's picture

"Just add it to the list of geopolitical hot spots... we smell sanctions (on a NATO ally?)"

 

Possibly. And if this bitch slapping continues how long before Turkey signs up with BRICS?

Fri, 08/01/2014 - 19:26 | 5035681 813kml
813kml's picture

I would be very surprised if it wasn't already in the works.

Fri, 08/01/2014 - 19:55 | 5035813 Winston Churchill
Winston Churchill's picture

A silent partner that holds the gold.

Sat, 08/02/2014 - 02:48 | 5036824 smacker
smacker's picture

Quite likely. What to do with the dozen or so NATO bases will be a small problem, 'cos BRICS certainly won't allow them to remain. Perhaps there'll be a changeover day when NATO moves out and Russia/China move in and change the flags.

And on the lunch menu it'll be "Curried Borsch Chop-Suey with Feijão".

 

Fast forward: will Greece bury its differences with Turkey and also seize the opportunity to join BRICS and get away from the bloodsucking IMF/EU/Troika banksters, who have plundered its country and impoverished the people?

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