Hungary imports of oil from Iraqi Kurdistan on Russian crude account 10/8/2015
Hungary imports of oil from Iraqi Kurdistan on Russian crude account
BAGHDAD / JD / .. trade sources told Reuters news agency said that Hungary has increased its oil imports from the Kurdistan region of the semi-autonomous northern Iraq on Russian crude account in a sign that the oil producers in the Middle East, perhaps they are gaining ground in the conflict with Moscow on the global market share.
This also may be the first confirmation of large shipments of Kurdish oil to Europe in light of the conflict waged by the region with Baghdad over lucrative exports and faces frequent sabotage the pipeline that transports crude to the Turkish port of Ceyhan. receives oil group MOL Hungarian bulk of its imports of crude from Russia, but has increased its purchases of oil from the Kurdistan since the summer, according to what was said by sources told Reuters, without specifying amounts. And turned part of the increase in purchases by sea to the main refinery in Hungary. The sources said that this will inevitably lead to reduced imports of Russian Urals crude, which comes through the Druzhba pipeline. And MOL declined to say whether they buy raw materials from Kurdistan.
Although it confirmed that it increased its purchases of raw materials other than crude Urals, but added that the Urals will continue to be the main raw material for its refineries. it shows contraction of Russian oil exports to Hungary's fourth largest export market for Russia's oil and accounts for about ten oil exports via pipelines to Europe-the extent of the role played by oversupply in re-shaping the global oil market. fell supplies of Urals crude to Hungary in the period from January from January to August August to 3.25 million tons from 3.7 million tons in the corresponding period of last year. He added the Kurdistan Regional Independent oil exports in June, saying It has not only the sale of oil itself option after Baghdad failed to allocate funds to the region from its budget. repeatedly said Baghdad that an independent Kurdish Sales illegal Regarding the allocation of low-budget said that Erbil did not transfer sufficient quantities of oil to the government of Iraq's oil marketing company.