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Tanker loaded with oil from the Kurdistan region approaching U.S. port


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There is one thing about the Islamic people...even though we're considered infidels and any agreement to us is worthless to them and they make agreements to us to get there way for the moment then do what they initially were intending to do in the first place. Within their cult an agree agreed upon between them and sealed with a kiss is a binding contact...no questions asked no deviance from the agreement....Kind of like when our society had morals and integrity and men could rely on the honor of sealing a binding agreement with a simple hand shake...   

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Kurdish oil tanker carrying close to a U.S. port, despite Washington's concerns

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Follow-up - Iraq Press -25 July: Data from satellites tracking the movements of ships that tanker carrying crude oil from the Kurdistan region on after only two days of access to the port in the United States, despite concerns expressed by Washington since a long time because of oil sales independent of the county .

 

The data showed Reuters tracking tanker ships to United Kalaverwta which left the port of Ceyhan in June laden with oil from the pipeline of new Kurdish expected to dock in Galveston, Texas, on Saturday.

 

If the sale of the Kurdish crude refinery in the United States, it would raise the ire of Baghdad which believes that such deals and smuggling are also questions about Washington's commitment to the prevention of the sale of oil from the Kurdistan region.

 

And Washington expressed fears that oil sales from independent Kurdistan may contribute to the fragmentation of Iraq, where the government is facing difficulties in Baghdad to contain the militants who seized control of large areas of the country.

 

But is also growing resentment of the way the Iraqi Prime Minister Nuri al-Maliki with the crisis.

 

Washington has been pressing for companies and governments to refrain from buying oil from the Kurdistan Regional Government, but did not explicitly prohibit American companies from buying it.

 

Said Carlos Pascual, head of the Office of Energy of the U.S. State Department, told Reuters that there was no change in Washington's policy toward the Kurdish independent oil sales but said he hoped to reach the central government and the region to the agreement in a timely manner.

 

Baghdad has threatened to sue any buyer of the oil of Kurdistan.

 

Pascual said after a discussion at the Carnegie Endowment "made people realize that any purchases involve risks and repeatedly told them so."

 

He said in a speech, "must reach Baghdad and Erbil to an understanding on how to contribute to the development of these resources and export them in the development of Iraq in general."

 

He added that if no agreement is reached, there is a risk that the conflict between the two parties become "more intense."

 

Not been able to trade sources in Texas and New York, London and Geneva to determine the identity of the buyer-borne cargo United Kalaverwta. Ended. M j.

http://www.iraqpressagency.com/?p=78009〈=ar

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Tanker carrying oil from the Kurdistan Region approaching from the port of U.S.

Source / Agencies

   

Posted       27/07/2014 12:00 PM

 

 

    . Showed Reuters data service to keep track of ships to United Kalaverwta tanker which left the port of Ceyhan in June laden with oil from the pipeline of new Kurdish expected to dock in Galveston, Texas, on Saturday.

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Washington has been pressing for companies and governments to refrain from buying oil from the Kurdistan Regional Government, but did not explicitly prohibit American companies from buying it.

The government of Kurdistan renewed their demands for the establishment of an independent state amid ongoing violence in Iraq. And deteriorated relations with Baghdad as a result of what you see the role of the owners in raising the crisis in addition to the protracted conflict on oil sales.

Said Carlos Pascual, head of the Office of Energy of the U.S. State Department, told Reuters on that, there is not any change in Washington's policy toward the Kurdish independent oil sales but said he hoped to reach the central government and the region to the agreement in a timely manner.

Baghdad has threatened to sue any buyer of the oil of Kurdistan. Pascual said after a discussion at the Carnegie Endowment "made people realize that any purchases involve risks and repeatedly told them so."

Not been able to trade sources in Texas and New York, London and Geneva to determine the identity of the buyer-borne cargo United Kalaverwta

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First Published: 2014-07-27

 

Iraqi Kurdistan oil tanker is preparing to unload its cargo in Texas

 

Trade sources in New York, London and Geneva was unable to determine the identity of the buyer load coming from the Kurdish new pipeline.

 

Middle East Online

 

Houston (United States) - from Erwin Seba and Terry Wade

 

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U.S. concern as not to spoil the deal

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The official said a tanker loaded with crude oil from Iraqi Kurdistan currently anchored near the port of Galveston, Texas, and will be subject to a procedural inspection by the U.S. Coast Guard Sunday before being allowed to unload its cargo.

The tanker flying the flag of the Marshall Islands sailed from the port of Ceyhan in June, heading to the U.S. coast on the Gulf of Mexico, despite Washington's concerns about oil sales independent of the Kurdish region and the threat of the Iraqi central government.

Andy Kendrick said Coast Guard Petty Officer The unloading of crude may begin later in the day if the tanker passed inspection, "What were not there are other problems."

Kendrick said that the Coast Guard in touch with the National Security Council and the U.S. State Department and Homeland Security on the arrival of the ship and put it.

The tanker load of new pipeline Kurd.

Has been unable to trade sources in Texas and New York, London and Geneva identify buyer load that may tend to any of the refineries located along the coast of the U.S. on the Gulf of Mexico.

The estimated tonnage of the ship by about a million barrels of crude any more than $ 100 million dollars at world prices.

The sale of crude to the refinery Kurdish American to the chagrin of Baghdad, which considers such deals such as smuggling has raised questions about the extent of Washington's commitment to the prevention of oil sales from the semi-autonomous region.

And crossed the U.S. government expressed concern that sales of oil from Kurdistan may contribute to the dismantling of Iraq at a time when the Baghdad government is struggling to contain the threat of the organization of the Islamic State, who seized large swathes of the country.

But it also expresses disappointment about how to deal with Iraqi Prime Minister Nuri al-Maliki to the crisis.

And pressed Washington to companies and governments not to buy crude oil from the Kurdistan Regional Government, but did not impose a ban on direct corporate America.

Deteriorated relationship between the Government of the province and Baghdad because of what he says Kurds role in fueling the crisis, al-Maliki and the protracted conflict on oil sales.

Baghdad threatens to sue any party buys Kurdish oil.

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Yes this should be interesting since the law firm the central govt has hired to follow these sales is based in Houston Texas

I'm sure they have someone watching it if they are there around Texas

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Tanker loaded with oil from Iraqi Kurdistan anchored off the port of Texas

papor.jpg

Follow-up - Iraq Press -27 July: An official said a tanker loaded with crude oil from Iraqi Kurdistan currently anchored near the port of Galveston, Texas, and will be subject to inspection by a procedural U.S. Coast Guard today before being allowed to unload its cargo.

 

The tanker flying the flag of the Marshall Islands sailed from the port of Ceyhan in June, destined for the U.S. coast on the Gulf of Mexico, despite Washington's concerns about oil sales independent of the Kurdish region and the threat of the Iraqi central government.

 

Andy Kendrick said Coast Guard Petty Officer The unloading of crude may start later Sunday if the tanker passed inspection, "What were not there are other problems."

 

Kendrick said that the Coast Guard in touch with the National Security Council and the U.S. State Department and Homeland Security on the arrival of the ship and put it.

 

The tanker load of new pipeline Kurd.

 

Has been unable to trade sources in Texas and New York, London and Geneva identify buyer load that may tend to any of the refineries located along the coast of the U.S. Gulf of Mexico.

 

The estimated tonnage of the ship by about a million barrels of crude any more than $ 100 million dollars at world prices.

 

The sale of crude to the refinery Kurdish-American to the chagrin of Baghdad, which considers such deals such as smuggling has raised questions about the extent of Washington's commitment to the prevention of oil sales from the semi-autonomous region.

 

The U.S. government expressed concern that the sales of oil from Kurdistan may contribute to the dismantling of Iraq at a time when the Baghdad government is struggling to contain the threat of the organization of the Islamic State, who seized large swathes of the country.

 

But it also expresses disappointment about how to deal with Iraqi Prime Minister Nuri al-Maliki to the crisis.

 

And pressed Washington to companies and governments not to buy crude oil from the Kurdistan Regional Government, but did not impose a ban on direct corporate America.

 

Deteriorated relationship between the Government of the province and Baghdad because of what he says Kurds role in fueling the crisis, al-Maliki and the protracted conflict on oil sales.

 

Baghdad threatens to sue any party buys Kurdish oil. Ended. M j.

 

http://www.iraqpressagency.com/?p=78707〈=ar


Yes this should be interesting since the law firm the central govt has hired to follow these sales is based in Houston Texas

I'm sure they have someone watching it if they are there around Texas

Dontlop remember this: 

 

U.S.-Iraq Business Week Strengthens Economic Ties

 
Media Note
Office of the Spokesperson
Washington, DC
March 7, 2014

 

The United States hosted a top level Iraqi interagency delegation to participate in the March 3-7 Iraq Business Week activities in Washington D.C. Iraqi Deputy Prime Minister Rowsch Shaways led a 30+ member public and private sector delegation to network with scores of major U.S. firms and explore expanding business opportunities in Iraq, now the United States' 27th largest goods trading partner. The delegation – which included Iraq’s Minister of Trade and the Chairman of Iraq’s National Investment Commission – addressed trade and investment challenges in Iraq, and discussed external financing options and their potential to assist in Iraq’s development. The trip culminated with a Ministry of Trade delegation visit to Houston, TX to explore establishing a trade facilitation office, and travel by the Deputy Prime Minister to New York City where he met with a number of additional U.S. firms.

The Iraq Business Week activities included:

  • High-level meetings at the White House, at the Office of the United States Trade Representative (USTR), and at the Departments of State, Commerce, Defense, Interior, and Treasury on political and economic issues including security, revenue sharing, and budget concerns.
  • USTR-hosted a Trade and Investment Framework Agreement Council meeting on business development and trade diversification and ways for Iraq to advance its WTO accession process. USTR press release:http://www.ustr.gov/about-us/press-office/press-releases/2014/March/US-and-Iraq-hold-inaugural-Trade-and-Investment-Framework-Agreement-Meeting.
  • U.S.-Iraqi Business Dialogue, co-chaired by the Department of Commerce and the Iraqi Ministry of Trade and comprising Iraqi and U.S. businesses.
  • World Bank, International Monetary Fund, Export-Import Bank, and Overseas Private Investment Corporation meetings to discuss development financing options.
  • Commercial Law Development Program discussion on fostering capacity development.
  • Department of Commerce presentation on sourcing trade and economic statistics.
  • U.S.-Business Council in Iraq hosted dinner for the delegation and U.S. firms.
  • U.S. Chamber of Commerce-hosted “Business Opportunities Forum” – canceled due to inclement weather, but reconstituted in part through direct engagement with 25-30 U.S. firms at an Iraqi Embassy hosted dinner.
  • United States Institute of Peace roundtable discussion.
  • Congressional meetings on Capitol Hill.
  • Business Council for International Understanding breakfast with U.S. firms in New York.
  • High-level meetings with the Mayor’s office in Houston and the Bilateral U.S. Arab Chamber of Commerce to explore establishment of a trade facilitation office.

For further information, please contact nea-press@state.gov or Michael Lavallee at LavalleeMP@state.gov.

http://www.state.gov/r/pa/prs/ps/2014/03/223143.htm

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Author: Editor: hay Reporter:
Number of readings: 87
 
27/07/2014 21:43

 

 

Tomorrow's Press / Baghdad: news agency "Reuters" that the tanker loaded with crude oil from Iraqi Kurdistan currently anchored near the port of Galveston, Texas, and will be subject to inspection by a procedural U.S. Coast Guard, before being allowed to unload its cargo.

"The tanker flying the flag of the Marshall Islands, sailed from the port of Ceyhan in the month of June, heading to the U.S. coast on the Gulf of Mexico, despite Washington's concerns about oil sales independent of the Kurdish region and the threat of the Iraqi central government."

Andy Kendrick said Coast Guard Petty Officer "The unloading of crude may begin later in the day Sunday if the tanker passed inspection as there were not other problems."

Kendrick explained that "the Coast Guard in touch with the National Security Council and the U.S. State Department and Homeland Security on the arrival of the ship and put it."

The tanker load of new pipeline Kurd.

Has been unable to trade sources in Texas and New York, London and Geneva identify buyer load that may tend to any of the refineries located along the coast of the U.S. Gulf of Mexico.

The estimated tonnage of the ship by about a million barrels of crude any more than $ 100 million dollars at world prices.

The sale of crude to the refinery Kurdish-American to the chagrin of Baghdad, which considers such deals such as smuggling has raised questions about the extent of Washington's commitment to the prevention of the sale of oil from the Kurdistan region.

The U.S. government expressed concern that the sales of oil from Kurdistan may contribute to the dismantling of Iraq at a time when the Baghdad government is struggling to contain the threat of gangs Daash captured large swathes of the country.

And pressed Washington to companies and governments not to buy crude oil from the Kurdistan Regional Government, but did not impose a ban on direct corporate America.

It is noteworthy that the Oil Ministry announced that, in the 23 May last, for filing a lawsuit against the Ministry of Natural Resources in the Kurdistan region for its oil exports without the consent of Baghdad, confirmed the start of legal proceedings against Turkey and company Botas for violating the agreement signed between the two countries in 2010.

The Committee on Energy and industry in the Kurdistan Parliament announced on the first of June, Germany and Italy bought the oil exported from the region.

The Turkish Energy Minister Taner Yildiz announced, on May 22 last, the Kurdistan region of Iraq began exporting the first shipment of crude oil through the Turkish port of Ceyhan on the Mediterranean despite the conflict has existed since a long time with Baghdad about the sharing of oil revenues.

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US State Departments news brief on the US purchase of Kurdistan's oil Friday July 25th

 

Okay, let’s move to Iraq.

QUESTION: Okay. Reuters has reported that a tanker loaded with oil from the Kurdistan region of Iraq is near Texas and is apparently heading for a potential buyer there.

MS. HARF: Well, we are aware there’s a tanker off the coast of Florida currently. But our policy here has not changed. Iraq’s energy resources belong to all of the Iraqi people. The U.S. has made very clear that if there are cases involving legal disputes, the United States informs the parties of the dispute and recommends they make their own decisions with advice to counsel on how to proceed. So I’d obviously refer you directly to the parties in terms of any arbitration here. I know that’s what the stories have focused on.

QUESTION: Are you actively warning the – say, the U.S. firms or other foreign governments to not buy Kurdish oil specifically?

MS. HARF: Well, we have been very clear that if there are legal issues that arise, if they undertake activities where there might be arbitration, that there could potentially be legal consequences. So we certainly warn people of that.

QUESTION: Do you keep doing that now too?

MS. HARF: We are repeatedly doing that, yes.

QUESTION: So why – I mean, if you think it’s illegal or that --

MS. HARF: I didn’t say it was illegal. I said there’s a legal dispute process here, an arbitration mechanism. There will be a legal ruling on it. I’m not making that legal determination from here.

QUESTION: So you’re not sure if it’s – the sale of Kurdish oil independent from Baghdad is legal or illegal?

MS. HARF: Correct. So we know – we have said what our – the United States position is, is that the Iraqis – people own all of Iraq’s energy resources and that the Iraqi Government and the Kurdistan Regional Government need to reach an agreement on how to manage these resources. There is separately a legal arbitration procedure that can take place if there are legal questions about oil in this – such as in this case, which is a separate question from what our policy is. And there will be a legal ruling made that’s separate from us.

QUESTION: But if you don’t – if you’re not sure if it’s legal or --

MS. HARF: It’s not that we’re not sure. It’s that there’s a separate process.

QUESTION: Yeah, there’s – it’s a separate process, but it seems to me that you are taking the side of Baghdad – or Baghdad, you are, like --

MS. HARF: Taking the side of all of Iraq, a federal Iraq.

QUESTION: Because you’re saying if the federal government does not approve of it, then the – you are discouraging U.S. firms or other international buyers from --

MS. HARF: We said there could be potential legal disputes that arise from it.

QUESTION: But you’re warning them, right?

MS. HARF: We are warning them that there could be potential legal disputes. These are commercial transaction. The U.S. Government is not involved in them. Our position, from a policy standpoint, is that Iraq’s oil belongs to all Iraqis and that the federal government and the Kurdistan Regional Government need to work together on an accommodation and come to an agreement here. And so that’s been our position for a very long time, and we do warn individual entities that there could be legal actions that come from some of these actions we’ve seen.

QUESTION: So you’re saying your position regarding Kurdistan, as it’s been reported by a couple of media outlets, has not been softened regarding Kurdistan’s export --

MS. HARF: I’m not sure exactly what – in terms of our oil?

QUESTION: Yeah, oil.

MS. HARF: Our oil position has not changed.

QUESTION: At all?

MS. HARF: Correct.

QUESTION: Okay.

MS. HARF: Yes, Said.

QUESTION: In fact, your position is that all oil contracts should be done through the central government, but let me ask you --

MS. HARF: Well, I meant the central government should come to an agreement --

QUESTION: Right, yeah.

MS. HARF: -- with the Kurdistan Government about how to --

QUESTION: Exactly --

MS. HARF: -- go forward, mm-hmm.

QUESTION: Right. Yeah, I wanted to ask you if there’s any progress on the forming of the new government. Do you have any updated --

MS. HARF: Well, they selected a president and --

QUESTION: Right.

MS. HARF: -- they have up to 15 day – excuse me, up to 15 days, I think, to name candidates for prime minister. And then after that, I think up to 30 to actually form a government. I can check on the dates. But they have now a speaker, they have a president, and then next up is a prime minister.

QUESTION: Should we read from the testimony that Mr. McGurk did on Capitol Hill that you are losing patience with Mr. Maliki, you’d like to see someone else take his place?

MS. HARF: You ask this question a different way every day. We don’t support --

QUESTION: Yes.

MS. HARF: -- and I’ll give you the same answer, so let’s – for consistency, let’s do that again today. We don’t support any one candidate, any one person to be prime minister. We’ve said it needs to be someone who is interested in governing inclusively. We’ve also said we’ve had issues in the past with how Prime Minister Maliki has governed. But again, it’s not up for us to decide. It’s up for the Iraqis to decide.

QUESTION: Right. But your confidence in Maliki’s abilities to rule inclusively, as you said, is --

MS. HARF: Well, we’ve had issues in the past.

QUESTION: -- not ironclad.

MS. HARF: We’ve had issues in the past.

QUESTION: Thank you.

 

http://www.state.gov/r/pa/prs/dpb/2014/07/229765.htm#IRAQ

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UPDATE 1-Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

Mon Jul 28, 2014 12:20am BST

 

 

 

 

 

 

 

 

(Updates with Coast Guard saying ship meets standards, State Department official comment)

By Erwin Seba and Terry Wade

(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.

The ship set sail from the Turkish port of Ceyhan in June with a load of crude oil supplied by a new pipeline from the Kurdish oilfields.

Trading sources in Texas, New York, London and Geneva have been unable to identify the buyer of the United Kalavrvta's cargo. The oil could go to any one of the many refineries located along the U.S. Gulf Coast.

The ship carries approximately 1 million barrels of crude, which would fetch more than $100 million at international prices.

Sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, raising questions about Washington's commitment to preventing oil sales from the autonomous region.

The U.S. government has expressed fears that independent oil sales from Kurdistan could contribute to the breakup of Iraq as the government in Baghdad struggles to contain the ultra-hardline Islamic State, a group of Sunni Islamist insurgents who have captured vast areas of the country.

But it also has grown frustrated with Iraqi Prime Minister Nuri al-Maliki's handling of the crisis.

The tanker anchored on Saturday night in an area off the port of Galeveston, Texas, where ships too large to transit the Houston Ship Channel offload oil to smaller tankers for delivery to the U.S. mainland.

Throughout Saturday and Sunday, the Coast Guard was in communication with the U.S. National Security Council, and departments of State and Homeland Security, said Petty Officer Andy Kendrick.

To deliver the crude the tanker only had to show it could do so in compliance with Coast Guard regulations, Kendrick said.

"We didn't have any extra stuff to impose on them," he said.

Crude offloading could begin as soon as the ship arranges a contract with a company that performs lightering, as the process is called, he said. Lightering, depending the size of the cargo, can take several hours and even days.

Attempts to contact the ship's owner and the vessel itself were unsuccessful.

A State Department official, speaking on condition of anonymity on Sunday because of the sensitivity of the issue, said officials were well aware the ship's location and cargo.

"This is a private commercial matter," the official said. "Our policy has not changed. Iraq's energy resources belong to all of the Iraqi people. As in many cases involving legal disputes, the United States informs the parties of the dispute and recommends they make their own decision with advice of counsel."

Washington has pressured companies and governments not to buy crude from the Kurdish Regional Government (KRG), but it has stopped short of banning purchases by U.S. firms.

The KRG has renewed its push for an independent state amid the latest violence roiling Iraq. Its relationship with Baghdad has deteriorated over what it sees as Maliki's role in stoking the crisis and the long-running dispute over oil sales.

Baghdad has threatened to sue anyone that buys Kurdish oil. (Additional reporting by David Brunnstrom in Washington, David Sheppard in London, editing by David Evans andCynthia Osterman)

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OK ladies and gents, take a look at this info and SMILE!

 

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

http://www.reuters.com/article/2014/07/27/us-usa-iraq-kurdishoil-idUSKBN0FW0K020140727

 

Sun Jul 27, 2014 7:27pm EDT

(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.

The ship set sail from the Turkish port of Ceyhan in June with a load of crude oil supplied by a new pipeline from the Kurdish oilfields.

Trading sources in Texas, New York, London and Geneva have been unable to identify the buyer of the United Kalavrvta's cargo. The oil could go to any one of the many refineries located along the U.S. Gulf Coast.

The ship carries approximately 1 million barrels of crude, which would fetch more than $100 million at international prices.

 

Finally, some progress!.....

 

 

 

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Thanks RVWITHME....I never doubted the authorization and or approval of Sailing Orders...The thing like dontlop mentioned in our previous discussion, the transfer and from the port it was shipped from is as stated by constitutional law an illegal shipment. The only recourse is there has to be a ruling by the Iraqi Supreme Court to amend how the present regulations on how, who and where Iraqi crude can be shipped and from what port. They probably need to throw in the pipeline it's pumped throw and in the near future which pipeline...As soon as ol' donlop gets up he'll straighten this out....  

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OK ladies and gents, take a look at this info and SMILE!

 

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

http://www.reuters.com/article/2014/07/27/us-usa-iraq-kurdishoil-idUSKBN0FW0K020140727

 

Sun Jul 27, 2014 7:27pm EDT

(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.

The ship set sail from the Turkish port of Ceyhan in June with a load of crude oil supplied by a new pipeline from the Kurdish oilfields.

Trading sources in Texas, New York, London and Geneva have been unable to identify the buyer of the United Kalavrvta's cargo. The oil could go to any one of the many refineries located along the U.S. Gulf Coast.

The ship carries approximately 1 million barrels of crude, which would fetch more than $100 million at international prices.

 

Finally, some progress!.....

And in that article they tell the tale: "The KRG has renewed its push for an independent state amid the latest violence roilingIraq. Its relationship with Baghdad has deteriorated over what it sees as Maliki's role in stoking the crisis and the long-running dispute over oil sales."

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Tanker Cleared to Offload Kurdish Oil

Posted on 28 July 2014. Tags: 'Your Country' - United States, Kurdistan, oil exports

By Patrick M Schmidt.

On Sunday, the United States Coast Guard granted permission for the Kurdish oil tanker, United Kalavrvta, to offload its payload of crude oil from Kurdistan Regional Government (KRG) controlled oilfields in northern Iraq.

The State Department further indicated that they would not prevent tanker from offloading at port in Galveston, Texas (pictured). This action follows threats from Baghdad to sue any nation that accepts the “illegal” oil.

The tanker is carrying one million barrels of crude that is valued at over $100 million dollars at current market prices.

The tanker will now begin the process of unloading its payload to smaller vessels that will then take the oil into port for storage and processing. It is estimated the entire offloading process will take several days.

(Source: Reuters)

http://www.iraq-businessnews.com/2014/07/28/tanker-cleared-to-offload-kurdish-oil/

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It sure isn't going to be sitting in someone else's ship for another 5 weeks

It has to eventually be offloaded and I'm sure the money will be frozen along with the assets from the last ship they offloaded in isreal

The money sits in a bank account in turkey and it is frozen until this is resolved with the central govt

The Kurds are broke

The oil pumping is shut down to turkey

The facilities in turkey are full

No more ships are being loaded

The federal Supreme Court will interpret the constitution

The Supreme Court will settle the differences between Baghdad and Kurdistan

It won't be settled with guns

If the court settles in favor of Baghdad the money will be released to Baghdad

And no one will buy any oil off the Kurds

So we wait for the court decision

Not a Kurdish media decision

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The real issue is "why are we buying foreign oil when we should be pumping and supporting our own country?" It's time to be #1 in the world again in all facets. We have turned into a country of importers. If not for govt regulations, mountains of red tape, and huge business taxes we would still be leading in innovation, manufacturing and technology. We would not have all the government handouts and subsidies because jobs would be plentiful for those that want to work. We would be saying remember when we had a 17 trillion debt? Those who don't want to work ....Sorry, here is a cardboard sign.

Same reason we ship you our Canadian Grade A beef and you ship us back your USDA.  It's all part of trade agreements and someone making lots money on this.

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