Swiss traders Vitol and Petraco continue to make regular shipments of Kurdish crude oil from Turkey’s Mediterranean port of Ceyhan, while new buyers, including Azeri state oil company Socar, Greek refiner Motor Oil Hellas and UK-based investment group Gemcorp, have also cropped up as offtakers in recent months, industry sources say.
New Kurdish Crude Offtakers Emerge, But Volumes Are Down
A steady fall in Kurdish oil production means that exports from Ceyhan are less than 50% of their levels three years ago.
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