Iraq gets U.S. court order seizing tanker crude off Texas

7/28/2014

Iraq gets U.S. court order seizing tanker crude off Texas

LAUREL BRUBAKER CALKINS and DAN MURTAUGH

GALVESTON, Texas (Bloomberg) -- The Iraqi Oil Ministry persuaded a U.S. judge to issue an order to seize more than $100 million of oil waiting to offload in Galveston, Texas, that it claims was illegally pumped from wells in Kurdistan.

Kurdish officials “misappropriated” more than 1 MMbbl of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed today, July 28, in federal court in Houston.

U.S. Magistrate Judge Nancy Johnson of Galveston today issued an order and arrest warrant authorizing U.S. marshals to seize the cargo and have it moved ashore for safekeeping until the dispute is resolved.

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