Disputed KRG oil cargo stands offshore

A US court has said Tuesday that 1 million barrels of oil exported from the Kurdistan Region of Iraq cannot be seized by US Marshalls because the tanker, United Kalavryta, carrying the oil is too far from the Texas coast and suggested the dispute over ownership of the oil be settled in Iraq.

On Monday, the judge ordered that the oil is to be seized if it came into Texas waters after Iraqi federal officials filed a complaint saying the oil had been illegally exported.

Under the Iraqi constitution, the Kurdistan Region of Iraq claims the right to export oil from the autonomous region and has built its own pipeline to Turkey to facilitate exports.

The US supports a unified Iraq but the Kurdistan Region has expressed a desire to seek independence. Options remain for the tanker, which could try to offload in another country or another state of the US.

Recent Posts

SkyPower Global in 1-GW deal with Zambia electric utility

SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More

2 days ago

Afentra acquisition of Azule assets approved in Angola

The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More

2 days ago

TotalEnergies, Vanguard Renewables to develop renewable natural gas

TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More

3 days ago

Namibia: Sintana takes 67% in Giraffe, eyeing Orange Basin growth

Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More

3 days ago

AD Ports Group secures 20-year concession in Luanda

The UAE’s AD Ports Group has signed a concession agreement to operate and upgrade Angola’s multipurpose Luanda Port, the Emirati… Read More

3 days ago

Trident Energy strikes triple deal for Congolese assets

UK-based Trident Energy has signed agreements with Chevron Corporation and TotalEnergies to obtain working interests in the Moho-Bilondo, Nkossa, Nsoko… Read More

3 days ago

This website uses cookies.