International Oil Companies Caught in Kurdish Smuggling Web

Kurdistan hasn’t been able to export its oil via a pipeline for more than a year now, but crude continues to flow out of the semi-autonomous Iraqi region—on tank trucks to the border with Iran.  More than 1,000 such tank trucks are estimated to be transporting at least 200,000 barrels per day (bpd) of Kurdish oil to Iran and Turkey, a Reuters investigation has found.   Although the price of the crude being smuggled out of the northern semi-autonomous region is reportedly around $40 per barrel in these murky…