Rosneft signs landmark deal to buy KRG crude

ERBIL - Kurdistan has signed a three-year crude supply agreement with Russian state oil giant Rosneft, a milestone in the regional government's efforts to establish an independent oil sector.

"It is the first time the KRG has supplied crude directly to a major global oil refiner and reflects the growing confidence of the international oil market in KRG crude," said a KRG official with knowledge of the deal.