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[size=18]The Iraqi Oil Marketing Company (SOMO) has threatened new legal measures against buyers of crude oil from the Kurdistan region, according to a letter dated August 23 seen by Reuters. [/size]
The speech is the latest in a series of moves by the Iraqi Oil Ministry to try to control oil revenues from the Kurdistan region.
The letter stated, "Strict legal action will be taken against all concerned parties, in order to prevent the loading of those illegal shipments coming from Iraq, including but not limited to shipments coming from the Kurdistan region.
“The Iraqi Federal Ministry of Oil and SOMO as its subsidiary reserves the right to take all legal action against any dealer or buyer of smuggled crude oil who is proven to have specifically loaded Iraqi oil from Turkey’s Ceyhan Oil Terminal, without the express endorsement of SOMO.”
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