The autonomous Iraqi region of Kurdistan exported over 37 million barrels of crude oil over the three months to June this year, making $3.8 billion from the sales, local media reported . Kurdistan has been exporting its oil independently of the central Iraqi government in Baghdad, but the latter appears to have grown unhappy with this state of affairs. Earlier this month, an official from the Iraqi oil ministry said that the government had advised international oil buyers not to do business with the Kurdish government. The announcement followed an Iraqi Supreme Court ruling against a Kurdish law on oil and gas which was passed back in 2007. The government in Baghdad never recognized the law, which makes Kurdish exports of oil illegal from its perspective. According to Baghdad, Erbil is obliged to comply with the Supreme Court’s decision. Iraq is OPEC’s second-largest producer of oil but political instability […]