The volume of crude from the northern Iraq region of Kurdistan being held in tanks at Turkey’s Mediterranean oil hub of Ceyhan has reached 1 million barrels, Turkish energy minister Taner Yildiz told reporters Wednesday in a press conference televised live on Turkey’s CNBCE business news channel. Yildiz stated that the crude is being held “in the name of Iraq,” but did not mention how much storage space was available to hold crude from the Kurdistan region before it would become necessary to allow exports to start, nor whether Turkey will allow exports to start or will continue to store the oil until an agreement is reached between the Iraqi central government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil. Replying to a question on the status of negotiations between Baghdad and the KRG over oil from the region which has since […]