From the Jerusalem Post:

Israel may be importing some NIS 3.84 billion-worth of oil from the semi-autonomous northern Iraqi region of Kurdistan, a move that could have geopolitical and economic ramifications for both parties.

On Sunday night, The Financial Times reported that Israel had imported as much as 77 percent of its oil supply from Kurdistan in recent months, bringing in some 19 million barrels between the beginning of May and August 11. During that period, more than a third of all northern Iraqi exports, shipped through Turkey’s Ceyhan port, went to Israel, with transactions amounting to almost $1b., the report said, citing “shipping data, trading sources and satellite tanker tracking.”

Read more at the Jerusalem Post

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