Bargain Oil Could Mean A High Price for Iraq

Bargain Oil Could Mean A High Price for Iraq

A tanker containing oil of disputed ownership is currently in the Mediterranean and being touted at a bargain price. While the price of oil continues to stay at around a nine-month high, this tanker load is offered at half price. The shipment was pumped by the Kurdistan region of Iraq, which is semi autonomous, and experts believe that if this oil is sold, it will boost the region’s push for total independence. The Iraqi government in Baghdad claims rights to all oil revenue from the country. Read the full story.