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.

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

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nidaar's picture

Selling to Israel...

Schmuck Raker's picture

China would be more entertaining.

Publicus's picture

Russia buying it to resale.

HenryHall's picture

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

nmewn's picture

Is she a pole dancer? ;-)

kaiserhoff's picture

I think I dated her sister for a while.

espirit's picture

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

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?

Deathrips's picture

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



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.


spinone's picture

Saudis lateral drilled into Iraqi oilfields

suteibu's picture

Russia has oil.  This is for the Chinese.

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. 

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?

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.

Kirk2NCC1701's picture

IDF needs cheap Gazoline.  Part of GazAid.

DaveyJones's picture

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

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


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? 

813kml's picture

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

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.


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.

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??

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"

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'."

stant's picture

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

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.

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.

logicalman's picture

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

LetThemEatRand's picture

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

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 . . . . .

LetThemEatRand's picture

Don't those guys all wear hats?

espirit's picture

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

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."

darteaus's picture

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

darteaus's picture

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

logicalman's picture

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

darteaus's picture

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

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.

nmewn's picture

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

darteaus's picture

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

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.


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?

813kml's picture

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

Winston Churchill's picture

A silent partner that holds the gold.

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?