In a move that can increase tension at Middle East, Turkey started buying crude oil directly from The Kurdistan Regional Government (KRG). This is a direct challenge to Central Iraq government claim of being full control over Iraqi oil.
The export by KRG is still small (15,000 barrels per day (bpd) ) but will soon increase to 250,000 bpd in 2013. In exchange, Turkey is sending back refined products to the Kurdish region, which is short of fuel. So, the big winner is Turkey which is making tons of money and KRG which is gaining more independence from Central Iraqi government.
My personal feeling is that the government of Maliki will soon move against Kurds.(also, there are news that Turkey gave guarantees at 2008 to protect northern iraq in case of a Central Iraq attack)
How do you guys think this will affect the Middle East? Do you think the current alliances ( Turkey, North Iraq, Syrian rebels vs Iran,Central Iraq,Syrian government) will stay?
http://www.hurriyetdailynews.com/krg...&NewsCatID=348




Reply With Quote









