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.
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.
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
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
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.
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
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
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.
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
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
A sustained supply glut has maintained Brent oil prices through the first five months of 2015 at some 47 percent lower than the same period in 2014. Industry observers expect low oil prices to eventually take supply out of the market and drive a price correction, noted Douglas-Westwood.
Iraqi oil minister Adel Abdel Mahdi said on Tuesday he saw signs of improvement in the oil market, joining other OPEC officials in expressing an optimistic outlook just days ahead of the group's next meeting. "There is an improvement, yes
Iran has earned $1.35 billion for selling more than 3 million tonnes of fuel oil in the 10 months to Jan. 21, up 30 percent in revenue from the same period of last year, oil ministry news website Shana cited an official as saying. The OPEC member also earned $963 million in gasoil revenue
Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the U.S.-allied United Arab Emirates, trading sources told Reuters. The U.S. and EU sanctions that came into force in 2012 prohibit the import
Iraq has refiled a suit in U.S. court in a bid to gain control of some 1 million barrels of disputed Kurdish crude oil on a tanker near Texas, days after the court said it lacked jurisdiction to have the cargo seized but that it could hear arguments about who is the oil's rightful owner.
Iraq said it filed a lawsuit against Greek shipping company Marine Management Services (MMS) for its role in the export of crude from the Kurdistan region, which Baghdad says is illegal. The case is the latest move by Baghdad to deter customers and thwart independent exports of crude from the
Iraq has filed a case against Greek shipping company Marine Management Services (MMS) for its role in the "illegal" export of crude from the autonomous Kurdistan region, the oil ministry in Baghdad said in a statement on Thursday.
The tanker carrying $100 million worth of disputed Kurdish crude oil is moving for the first time since July 27, AIS ship tracking data showed on Wednesday. The status of the tanker, called United Kalavrvta, changed to "underway using engine" from "at anchor"
Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom , said that first oil was to be delivered via Iraq's pipeline system to the export terminal in Basrah
Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.
The Iraqi oil ministry said on Thursday it would challenge a U.S. court decision that stopped U.S. Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas. On Monday, a U.S. district court ruled in favour of a request by Iraq's Kurdish region that a demand by
A tanker carrying 300,000 barrels of Kurdish crude oil has changed its destination to Limassol, Cyprus, as it returned from the United States without delivering its disputed cargo to a New Jersey refiner. The Minerva Joy tanker had previously listed its destination as "Gibraltar orders
Norwegian firm DNO expects its first shipment of oil from Kurdistan to be sold on the international market by the end of the year and said it was committed to its operations in the region despite the recent flare-up in violence. The firm could until recently only sell oil on the local Iraqi
A tanker carrying crude oil from Iraqi Kurdistan reappeared unladen on Aug. 19 about 30 kilometres off the coast of Israel, ship tracking data on Reuters showed. This is the second time the Kamari has appeared in the area in the last two weeks carrying Kurdish oil.
U.S. refiners will refrain from buying 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