International Oil Companies Caught In Kurdish Smuggling Web | ZeroHedge
Authored by Tsvetana Paraskova via OilPrice.com,
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A Reuters investigation found that over 1,000 tanker trucks are smuggling at least 200,000 barrels of Kurdish oil per day to Iran and Turkey.
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The smuggling operation generates an estimated $200 million in monthly revenue, but the destination of the funds remains unclear.
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The illicit trade has flourished since a pipeline to Turkey was closed in March 2023 due to a dispute over export rights.
Kurdistan hasn’t been able (more…)