Exclusive: Kurdish oil finds new buyers in Europe despite Baghdad threats




 
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June 11th, 2014  
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Topic: Exclusive: Kurdish oil finds new buyers in Europe despite Baghdad threats


By Julia Payne LONDON (Reuters) - Russian oil firm Rosneft bought a cargo of Kurdish oil for a German refinery it co-owns with oil major BP, quietly circumventing Baghdad's ban on independent oil sales by its autonomous region, according to trading sources. While Iraq and Kurdistan will have to work together to combat an Islamist militant group that this week seized Iraq's second city Mosul, near the Kurdish border, they have been locked in a bitter oil dispute for the past two years, with Baghdad saying only its state company is authorized to sell crude. The militants from the Islamic State in Iraq and the Levant (ISIL), an offshoot of al Qaeda, were closing in on Iraq's largest oil refiner on Wednesday.




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