The Kurdish Regional Government (KRG) has been looking for a client to buy its tanker oil, after the Iraqi government threatened legal action against any buyers who purchased Kurdish oil independently and not through the Iraq central government, according to a Reuters report on Friday.
The tanker is set to dock in Israel on Saturday night, and Israel is apparently buying it.
Advertisement
Iraq already boycotts Israel, and won’t sell oil to the Jewish state, so Israel is not overly concerned with Iraqi threats of sanctions, unlike other countries who have oil contracts with Iraq.
The oil comes from a new pipeline built to bypass Baghdad’s pipeline, which will help maintain Iraqi Kurdistan’s financial independence.
Advertisement
