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Aug 26, 2014

Impasse over Kurdish crude cargo near Texas to drag on: source

HOUSTON (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 United Kalavrvta tanker in the Gulf of Mexico, after acknowledging it lacked jurisdiction because the ship is beyond U.S. territorial waters, about 60 miles (97 km) offshore.

Aug 26, 2014

U.S. court scraps order to seize Kurdish crude from tanker near Texas

HOUSTON, Aug 25 (Reuters) – A U.S. court on Monday threw out
an order to seize some 1 million barrels of disputed Iraqi
Kurdish crude oil from a tanker near Texas, a move that could
allow the cargo to be delivered and end a nearly month-long

The United Kalavrvta tanker, carrying about $100 million
worth of Kurdish crude, has been anchored in the Gulf of Mexico
for weeks, as the Iraqi region of Kurdistan wages a legal battle
over ownership with the central government of Iraq.

Aug 12, 2014

Oil tankers in limbo show Kurds losing access to U.S. market

LONDON/HOUSTON, Aug 12 (Reuters) – U.S. refiners will
refrain from buying more Kurdish crude oil until a long-running
dispute between Baghdad and Iraqi Kurdistan is settled, while
Washington urges both sides to set aside their differences and
helps them tackle Sunni militants.

The two known U.S. buyers of Kurdish crude oil have now
rejected delivery of cargoes from tankers near New Jersey and
Texas, saying they will not make further purchases until it is
determined who has the right to sell the oil: the central
government of Iraq or the Kurdistan Regional Government (KRG).

Aug 1, 2014

Axeon says it bought Kurdish crude weeks before Iraq suit

HOUSTON, Aug 1 (Reuters) – An asphalt maker in New Jersey
became the second U.S. company to publicly confirm buying
Kurdish crude oil, saying on Friday it had imported a cargo just
weeks before an Iraqi lawsuit over a separate $100 million
shipment offshore Texas.

In response to questions from Reuters, Axeon Specialty
Products said it received the Kurdish Shaikan crude cargo in
June at its Paulsboro refinery.

Jul 31, 2014

Kurdish oil exports stumble as U.S. buyer balks; more tankers in limbo

HOUSTON/ISTANBUL, July 31 (Reuters) – Efforts by Iraqi
Kurdistan to boost its finances through bulk oil sales suffered
a setback on Thursday as its main U.S. customer swore off more
purchases and Baghdad vowed to block delivery from oil-laden
vessels like one the Kurds were loading for export.

U.S.-based chemicals and refining company LyondellBasell
, in its first comments on the controversy, said that
after receiving previous shipments it was halting all purchases
of what it called disputed Iraqi crude.

Jul 31, 2014

LyondellBasell stops buying Kurdish crude amid dispute

NEW YORK/HOUSTON, July 31 (Reuters) – Chemicals firm
LyondellBasell, part of Ukrainian-born billionaire
Leonard Blavatnik’s business empire, said it will quit buying
“disputed” oil from Iraq – one day after Reuters identified it
as the mystery American importer of Kurdish crude.

Following a Reuters report on Wednesday that, for the first
time, identified the company’s Houston Refining LP unit as
having imported two small cargoes of heavy, sour Kurdish crude
in May, LyondellBasel confirmed that the company had recently
purchased “modest quantities” of what it called “Iraqi crudes”.

Jul 31, 2014

LyondellBasell emerges as mystery U.S. buyer of Kurdish oil; says no more

NEW YORK/HOUSTON, July 31 (Reuters) – Chemicals firm
LyondellBasell, owned by Ukraine-born billionaire
Leonard Blavatnik, has emerged as the mystery American buyer of
Kurdish crude oil this year, but said on Thursday it will not be
buying any more due to an ownership dispute.

Following a Reuters report that for the first time
identified the company’s Houston Refining LP unit as having
imported two small cargoes of heavy, sour Kurdish crude in May,
LyondellBasel told Reuters that the firm had recently purchased
“modest quantities of Iraqi crudes”.

Jul 29, 2014

U.S. judge signs order to seize Kurdish oil from tanker off Texas

HOUSTON (Reuters) – Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the Texas coast, court filings showed on Tuesday.

The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived near Galveston Bay on Saturday but has yet to unload its disputed cargo. The ship, which is too large to enter ports near Houston and dock, was given clearance by the U.S. Coast Guard on Sunday to transfer its cargo offshore to smaller boats that would deliver it to the U.S. mainland.

Jul 27, 2014

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

HOUSTON, July 27 (Reuters) – A tanker carrying crude oil
from Iraqi Kurdistan was cleared by the U.S. Coast Guard to
unload its cargo at sea off Texas on Sunday as a State
Department official signaled Washington would not intervene to
block delivery of the controversial crude.

Coast Guard officials went aboard the tanker United
Kalavrvta on Sunday and verified the ship and crew’s ability to
safely offload the oil, a Coast Guard spokesman said.

Jul 27, 2014

Tanker carrying Iraqi Kurdish oil anchored off Texas port

HOUSTON (Reuters) – A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, and must undergo a routine safety inspection by the U.S. Coast Guard on Sunday before it can unload its cargo, an official said.

The Marshall Islands-flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington’s concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.

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      "I lead our coverage in Peru, where I have been since August 2007. Before that, I worked in Brazil for seven years covering all things under the sun."
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