Monday, July 28, 2014

Iraq lays claim to Kurdish crude cargo in Texas: filing

New post  ..journey Today at 6:58 pm

Iraq lays claim to Kurdish crude cargo in Texas: filing

HOUSTON  Mon Jul 28, 2014 5:53pm EDT

(Reuters) - AET Offshore Services, a company in Texas hired to unload a tanker full of crude oil from Iraqi Kurdistan, said in a court filing on Monday the Republic of Iraq has laid claim to the cargo.

AET, before starting to unload the ship, asked a federal district court in Texas to determine whether Iraq's claim was valid.

U.S. Coast Guard officials inspected the tanker, the United Kalavrvta, on Sunday and said it could off load its cargo to smaller ships for delivery to the U.S. mainland.

The ship carries approximately 1 million barrels of crude, which would fetch more than $100 million at international prices.

Sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling. The U.S. government has expressed fears that independent oil sales from Kurdistan could contribute to the breakup of Iraq.


http://www.reuters.com/article/2014/07/28/us-usa-iraq-kurdishoil-idUSKBN0FX1ZG20140728

1 comment:

Anonymous said...

Has anyone noticed the rather odd spelling of the name of this ship...with the letters 'rv' where a vowel might normally be?

just think'n ;)