Browse
related articles
Vitol apologised to Iraq for buying Kurdish oil
- Iraq: Tuesday, December 11 - 2012 at 04:43
Iraqi oil minister Abdul-Kareem Luaibi has said global oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission, Reuters has reported. Luaibi, in Vienna for an Opec meeting, was asked by reporters how Iraq was dealing with three companies - Vitol, Trafigura and Lukoil - who have purchased condensate, a light crude oil, sourced from Kurdistan and sold via an intermediary to world markets. "In terms of Vitol, they have cancelled the Kurdish amount and they apologised officially," said Luaibi. "As for Lukoil, there will be a meeting about this concern - maybe tomorrow or the day after." He made no mention of Trafigura.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
