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Iraq Threatened To Cut Oil Exports to Korea

Iraq threatened South Korea to suspend crude oil exports if a South Korean consortium continues to explore...

Iraq Threatened To Cut Oil Exports to Korea

Iraq threatened South Korea to suspend crude oil exports if a South Korean consortium continues to explore oil in a Kurdish-controlled region.

The Kurdistan regional government in early November awarded the South Korean group exploration rights for an oilfield in the Dahuk region of northern Iraq.

The oilfiled is currently operated by Korea National Oil Corp and SK Energy.

Iraq recently informed SK Energy by telephone it could suspend oil exports to South Korea if the company continues the project without the permission of the Iraqi government.

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