
“According to an announcement this month by Taner Yildiz, Turkey’s energy minister, Kurdish cross border trade will be allowed to increase rapidly, with crude being traded for petroleum products to be used in the Kurdish enclave. This trade flourished before the US invasion of Iraq in 2003 and was allowed to continue until 2007, when it was stopped following protests from the Iraqi government. The KRG has ignored Baghdad and signed production sharing contracts with more than 40 operating companies.” [Iraq: an imposed state with fictional borders.]
http://blogs.ft.com/beyond-brics/2012/07/30/turkeys-oil-diplomacy-with-iraqs-kurds/
Related posts:
Patriot Act 'sneak-and-peek' now overwhelmingly used in drug cases
2013 was a year for American rule breakers
Saudi Arabia posts $98B deficit amid slumping oil prices
New Obamacare tax could hit veterinarians, increase pet care costs
Fed Balance Sheet Hits Record $3 Trillion
Young Greeks Helping Each Other to Combat Crisis
Woman sues Japan’s biggest yakuza boss, seeking refund of ‘protection money'
Soldiers suspected of plotting to kill Obama face death penalty
Winklevoss twins: Bitcoins better than gold
Egypt grants diplomatic immunity to military officers who led bloody 2013 crackdown
Bitcoin Mania Grips China
Germany sues Swiss bank over missing East German money
Bloomberg On Why Bitcoin Is Now Quoted On Its Terminals
China housing inflation quickens to two year high
Keurig Founder Loses $144M In Minutes As Shares Crash