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China in talks to buy oil from Iraqi Kurdistan
Topic Started: Sep 18 2014, 12:50 AM (90 Views)
MSantor
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While all eyes are on the current conflict against ISIS, China is adding yet another oil source to feed its energy-hungry economy.

Source: Reuters

Quote:
 
Exclusive: Iraqi Kurdistan oil heads to Asia, in talks with China
BY RON BOUSSO, JONATHAN SAUL AND DAVID SHEPPARD
LONDON Wed Sep 17, 2014 11:33am EDT

(Reuters) - At least 3 million barrels of Iraqi Kurdish oil are on ships heading to Asia, with trade sources naming China as a possible destination as the autonomous region expands efforts to establish independent oil sales in defiance of Baghdad.

Two sources with knowledge of the matter said Iraqi Kurdistan was in talks to potentially supply China with 4 million barrels of oil.

Reuters was unable to identify the Chinese parties involved in the talks, which the sources declined to name, and it was not clear if the cargoes currently on the water were part of the discussions.

(...EDITED)

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