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Unconfirmed reports indicate that Kurdish forces have taken control of some oil wells in Iraq


Iraq’s state-owned oil company North Oil Company spoke to a media outlet on Saturday saying that a Kurdistan Regional Government (KRG) force had seized two oil wells in the Bai Hassan oilfield in northern Kirkuk.

Reuters follows with

  • the Kurdish government denied “all allegations and rumors that the regional government has occupied and taken over the oil fields of Bai Hassan…with the support of an armed force”.

Something to look out for when Oil trading reopens Monday morning (Asia time, Sunday evening US time)


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