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Iraqi Oil

Sunken Fuel Tanker Had "Dirty" Oil

Oil leaking from a fuel tanker that sank in the Gulf off the coast of the United Arab Emirates while reportedly smuggling Iraqi oil was brought under control on Sunday, a UAE official said. The 3,500-ton Iraqi tanker Zainab, which sank on Saturday, was intercepted several days ago by the Multinational Interception Force that enforces sanctions against Iraq, an official at the Bahrain-based U.S. Navy's Fifth Fleet said. The ship, which was carrying about 1,300 tons of fuel oil, ran into trouble on its way to a holding area in international waters for ships suspected of smuggling Iraqi oil in violation of U.N. sanctions. It was reported that coast guard divers had managed to plug up holes in the tanker through which fuel oil had been spilling off the UAE's northern coast and that the leakage was now under "complete control". The oil slick reportedly had started to disperse and was being treated with environmentally safe chemicals by teams fighting the spillage. UAE officials have said they would try to salvage the tanker, which sank off the coast of Jebel Ali, north of Dubai. All crewmembers onboard were rescued.


Russian Tanker Stopped For Suspected Smuggling

A Russian tanker was intercepted in the Gulf on Thursday on suspicion of smuggling Iraqi oil in defiance of U.N. sanctions, a U.S. admiral said. The Akademik Pustovoyt was boarded in the southern Gulf by a team of Americans who took oil samples for analysis to see if the fuel was from Iraq, said Vice Admiral Charles Moore. He coordinates an international force patrolling the area and commands the U.S. Navy's Manama, Bahrain-based Fifth Fleet.


Seized Tanker Awaits Unloading

A Russian oil tanker seized in the Gulf for what the U.S. said was the smuggling of Iraqi oil docked in Oman on Monday (today), and its cargo will be unloaded soon, a Russian diplomat in the Gulf Arab state said. Russian officials said they expected the tanker, which was detained last week by a multinational patrol enforcing U.N. sanctions on Iraq, to be released after unloading. The U.S. says it had clear evidence the fuel was Iraqi.


First Tanker Fixed For Next Phase Of Oil For Food Deal

The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers. The Panamanian-registered VLCC Kristhild has been fixed to Russian trader Ursa to sail from the Gulf port of Mina al-Bakr to the U.S. Gulf, provided the United Nations and Iraq reach an accord to continue exports beyond Nov. 20. The 258


Iraq Oil Lifting Remains on Hold

Iraqi oil lifting remained on hold as Baghdad continued to insist on a surcharge for crude sales under the UN's oil-for-food program, industry sources said. A tanker chartered to the Indian Oil Corp (IOC) remained berthed at Iraq's Mina al-Bakr port on the Gulf but that no oil was being pumped aboard. An industry official in India said that IOC had been asked to pay a surcharge outside the terms of the UN exchange in order to secure its cargo but had refused. Iraq suspended 2


This Day in U.S. Naval History – January 18

1911 - First aircraft landing on board a ship, USS Pennsylvania by Eugene Ely. 1962 - After a flash fire in the Persian Gulf on Danish tanker, Prima Maersk, burned a crewman, USS Duxbury Bay transfers a Navy doctor to help the Danish crewman and USS Soley took him to the nearest hospital at Bahrain Island. 1968 - Operation Coronado X begins in Mekong Delta, Vietnam 1977 - The Trident (C-4) missile development flight test program commenced when C4X-1 was launched from a flight pad at


Iraq Allocates $25M for Tanker Purchase

An official at the Iraqi Oil Tanker Company announced that the Transport Ministry has allocated $25 million to buy two oil tankers, the Middle East North Africa Financial Network reported. The capacity of each tanker will be 10,000 tons of crude oil. Iraq had its own tanker fleet but most of the ships were sunk during the country's wars with Iran in the 1980’s and the U.S. wars, one in 1991 and the other in 2003. However, the company still had a few ships with a total capacity of 60,000 tons


Iraq Plans to Renew Oil Tanker Fleet in S.Korea

Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm, the oil ministry's spokesman said on Monday. Jihad said ownership of the fleet would be transferred to Iraq's oil ministry after a period that would be specified in the final agreement. Other foreign companies had approached the ministry with offers to help rebuild Iraq's tanker fleet


Kurdish Oil Tanker Leaves Moroccan Port Without Unloading

Iraqi Kurdistan's bid to sell its first tanker of crude oil appeared to suffer its second setback in as many weeks on Thursday after the ship left a port in Morocco without a sale which the central Iraqi government opposes. The United Leadership tanker, a symbol of a long-running feud between Baghdad and the Kurdish Regional Government over oil sale rights, loaded one million barrels of Kurdish crude on May 22 and has changed course twice abruptly without discharging oil.


Oil Prices Climb Again Amid Escalating Violence In Iraq

  Crude oil prices rose to new nine-month highs on Friday as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer. Grand Ayatollah Ali al-Sistani, the highest religious authority for Shi'ites, on Friday urged his followers to take up arms against Sunni militants advancing south toward Baghdad, raising the prospect of further violence. The surge in both Brent and U.S


U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Crude oil carrier: File photo

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 coast of Texas, court filings showed early on Tuesday.


Update: U.S. to Seize Kurdish Oil from Tanker off Texas

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq's central government and the autonomous region.


Iraq's Kurds Have Right to Sell Oil While Squeezed by Baghdad

Iraq's Kurdish region has the right to keep selling oil as long as the Baghdad government keeps cutting its budget, the head of the Kurdish parliament's energy committee said on Tuesday, as an oil cargo off Texas was set to be seized at Baghdad's request.


Iraqi Kurdish Pipeline Stopped; Tanker in Limbo off Texas

Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.


Italy Warns Oil Traders off Kurdish Tanker

Italy sees possible Iraqi legal action over Kurdish oil; Kurds, Baghdad battle over sales from autonomous region. Tanker of Kurdish oil currently floating off Morocco. Italy has warned oil traders they face potential legal action from Baghdad if they buy disputed exports of crude from Iraqi


Second Tanker of Kurdish Oil Leaves Turkey Despite Baghdad Protest

A second shipment of Iraqi Kurdish crude has sailed from the Turkish port of Ceyhan, industry and government sources said, increasing the stakes in a battle with Baghdad over control of oil sales from the autonomous region. The United Emblem suezmax tanker, carrying 1 million barrels of crude


Iraqi Kurdistan ships 2nd Crude Cargo via Turkey

A second tanker carrying piped crude oil from Iraqi Kurdistan has departed Turkey's Mediterranean port of Ceyhan, Turkish Energy Minister Taner Yildiz said on Tuesday. Yildiz said the tanker sailed towards the Mediterranean but did not provide its final destination


Brent Crude Holds Near US$115 on Back of Iraq Turmoil

HFO: File image

Brent crude held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on increased risks of disruption to supply from Iraq. Iraqi government forces battled Sunni militants for control of the country's biggest refinery on Thursday


Iraqi Kurdistan Loads Third Oil Cargo in Turkey

A third tanker carrying piped crude oil from Iraqi Kurdistan is being loaded at Turkey's Mediterranean port of Ceyhan, a source at the Turkish energy ministry told Reuters On Friday. The source said the loading was expected to be completed by Saturday and that the tanker would be carrying 1


Israel Accepts 1st Delivery of Disputed Kurdish Oil

A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer. The SCF Altai tanker arrived at Israel's Ashkelon port early on Friday morning


Crude Falls Below $114 as Iraq Supply Fears Ease

U.S. Secretary of State John Kerrylanded in Baghdad on Monday. (Photo: http://www.state.gov)

Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad   Brent crude dipped below $114 a barrel on Monday as worries about disruptions to Iraqi crude supplies began to look


Iraq Strife Offers Little Upside to Depressed Tanker Markets: Analyst

Tankship bridge front: File photo

The situation in Iraq has taken center stage in the oil markets. Iraq is now in a state of sectarian civil war and the most likely situation is that the country will become mired in a protracted Syria-like conflict, with the population divided along ethno-sectarian lines


Brent Crude Prices to Move Upward: Analysts

Brent crude prices will move higher after some first half July weakness predicts NYC-based PIRA Energy Group. Brent crude prices will move higher after some first half July weakness with tighter global crude markets and reduced OPEC spare capacity even as Saudi Arabia makes up for lower Iraqi


Iraqi Kurdish Oil Nears US Port Despite Concern in Washington

A tanker carrying crude oil from Iraqi Kurdistan is just one day away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales from the autonomous region. The United Kalavrvta tanker


Tanker with Iraqi Kurdish Oil Anchors off Texas Port

Tanker with Iraqi Kurdish oil anchors amidst concerns

  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






 
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