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Policy: Environment & Energy

Dispute strands oil-laden tanker off Galveston

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News,Business,Texas,Energy and Environment,Oil

HOUSTON (AP) — A question of ownership has kept a tanker of 1 million barrels of Iraqi crude oil anchored and waiting about 60 miles off the Galveston coast for nearly two weeks.

The Houston Chronicle (http://bit.ly/1onqWrK) reports that the United Kalavryta arrived July 26 with crude oil produced in the semiautonomous Iraqi region of Kurdistan.

The Kurdish government and the Iraqi state government both claim ownership of the oil from that region, so Iraq's state government alleges the tanker's cargo was stolen.

A federal magistrate in Houston has ordered U.S. marshals to seize any oil that's offloaded into smaller vessels for delivery ashore, so the ship's cargo is believed to remain completely intact.

The Kurdish government has asked a federal judge to rescind the owner. Iraq has 10 days to respond.

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Information from: Houston Chronicle,

http://www.houstonchronicle.com

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