Iraq Cuts Off Oil Supplies to South Korea

[OneAngryDemocrat]

Source: Voice of America

Iraq has halted crude oil exports to South Korea, in protest of an exploration deal between Korean firms and the Kurdish regional government.

The annual contract between Iraq and South Korea's top refiner, SK Energy, was due for renewal January 1. SK Energy says it has been told to back out of the Kurdistan deal if it wants exports to resume.

A consortium of South Korean firms led by the state-run Korea National Oil Corporation signed a deal with the Kurdish government to explore the Bazian oil field in the Dahuk region of northern Iraq. The corporation says it will not change its plans.

Read more: http://www.voanews.com/english/2008-01-29-voa49.cfm

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The real story here isn't that Iraq is cutting off exports - it's that the Kurds are signing private deals.

Please visit my anti-war website, www.shockedandawful.com

[Deja Q]

1. The United States could use it; lower costs at home so things won't go kerplop...

Just a guess, but what the heck.

Back to real life, which should be more important... :)

[OneAngryDemocrat]

2. Sure... whatever.

It doesn't matter if the US could, "use it."

It isn't our decision, it's supposed to be theirs.