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Rosneft Becomes First Oil Major to Pre-Finance Kurdish Crude

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. Picture taken August 4, 2016. REUTERS/Sergei Karpukhin

Russian state oil firm Rosneft has become the first major oil firm to pre-finance crude exports from Iraq’s Kurdistan, joining trading houses in the race for crude from the semi-autonomous region. “We look forward to developing new markets for Kurdish crude oil,” a statement by Rosneft quotes chief executive Igor …

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