Iraq Pursues New Tack in Bid to Seize Tanker Off Texas Coast

By Laurel Brubaker Calkins and Harry R. Weber Sept. 6 (Bloomberg) -- Iraq’s Oil Ministry has asked a U.S. judge for permission to change its legal arguments in a bid to seize $100 million in Kurdish crude waiting in a tanker off Texas since late July. Stymied by the judge’s ruling last month that he didn’t have jurisdiction under admiralty law, the nation has come back … [Read more...]

Tanker Carrying Disputed Oil On the Move Off Texas

HOUSTON, Sept 3 (Reuters) - An oil tanker off the coast of Texas loaded with $100 million of disputed Iraqi Kurdish crude has pulled its anchor from the water and set sail for the first time since entering the Gulf of Mexico in July, satellite tracking showed on Wednesday. As a tussle over the cargo between Baghdad and the Kurds enters its third month, the United Kalavrvta … [Read more...]

Impasse Over Kurdish Crude Cargo Near Texas to Drag On – Source

By Terry Wade HOUSTON, Aug 26 (Reuters) - A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday. A U.S. court on Monday threw out an order to seize the 1 million barrel cargo from the … [Read more...]

Kurds Ask U.S. Court to Scrap Seizure Order, Allow Crude Delivery

HOUSTON, Aug 4 (Reuters) - The Kurdistan Regional Government (KRG) of Iraq asked a U.S. court on Monday to throw out an order to seize some 1 million barrels of disputed crude oil and allow the cargo to be freely delivered in Texas. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored near Texas for nine days, as the Iraqi region … [Read more...]