Kurds Get Seizure Order Thrown Out for Texasx Oil Tanker
Kurds Get Seizure Order Thrown Out for Texasx Oil Tanker
8-25-14
The Kurdistan Regional Government can bring $100 million of crude ashore in Texas after a U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry until a court there decided which government owned it.
U.S. District Judge Gray Miller in Houston said he lacked authority under federal laws governing property stolen at sea to decide the dispute. Both Iraq’s central government and the regional government claim control of 1 million barrels of Kurdish crude waiting in a tanker moored in international waters off the Texas coast.
bloomberg.com
