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China Oil Refinery Targets Cheap Oil from Kurdistan

China Oil Refiners Risk Iraq’s Wrath With Rare Kurdish Buys

As China's independent refineries  look for cheaper crude oil they have started to buying buying oil from Iraq’s semi-autonomous Kurdistan region.  Kurdish oil is typically traded under the radar as buyers fear blacklisted from the Iraq Government's Central Oil Association, SOMO, based out of Baghdad.

Dongying Qirun Chemical Company  and two other Chinese refiners bought Kurdish crude for loading in November and December, said four traders who asked not to be identified due to company policy.


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