In a sign that Kurdistan’s oil sector is shedding some of its legal and political risk, KRG crude will now supply the refineries of Russia’s largest oil company. A tanker loads crude at the Turkish port of Ceyhan, May 2015. (STAFF/Iraq Oil Report) Kurdistan has signed a three-year crude supply agreement with Russian state oil giant Rosneft, a milestone in the regional government’s efforts to establish an independent oil sector.”It is the first time the KRG has supplied crude directly to a major global oil refiner and reflects the growing confidence of the international oil market in KRG crude,” said a KRG official with knowledge of the deal.The contract is part of a broader cooperation agreement covering upstream, logistics, and … This content is for registered users. Please login to continue. If you are not a registered user, you may purchase a subscription or sign up for a free […]