Tanker Carrying Kurdish Crude Changes Course toward Cyprus

Posted by Eric Haun
Monday, August 25, 2014

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," which usually implies a destination in the Eastern Mediterranean or further east. It changed its destination to "Limassol orders" at around 1600 GMT on Saturday, according to Reuters AIS Live shiptracking.

On Aug. 13, the Minerva Joy began sailing eastwards from off the coast of Paulsboro, New Jersey, after refiner Axeon Specialty Products said it would not buy or accept delivery of any cargoes of disputed Kurdish crude oil for its Paulsboro refinery.

Iraq's central government has sought to block independent exports of crude by the Kurdistan Regional Government (KRG).

The KRG argued it was allowed to sell crude under the Iraqi constitution, which Baghdad disputes. Several cargoes of Kurdish Shaikan crude have recently reached the United States, but not all have been able to discharge their oil.

The United Kalavrvta is anchored outside of Galveston, Texas, with its cargo of Kurdish crude still unloaded.

In total, about $140 million worth of Iraqi Kurdish crude oil has been stopped from entering the United States in the last month.

The United States has not banned companies from buying Iraqi Kurdish oil, but has warned firms they may face legal action from Baghdad.

Axeon has said it received a separate cargo of Kurdish Shaikan crude in June.

At the end of July, refiner LyondellBasell NV confirmed it had recently bought "modest quantities" of what public records showed was Kurdish Shaikan crude and said it would scrap further purchases of the disputed oil for the time being.

(By Anna Louie Sussman; Editing by Jessica Resnick-Ault and Jeffrey Benkoe)

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural

Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs

Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender,

News

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

Middle East

EU Annulls Sanctions on 40 Shipping Firms

The European Union's second highest court on Thursday annulled EU sanctions on an Iranian bank and 40 shipping companies hit with asset freezes as part of pressure

Oman Drydocks Handls 300th Vessel

The Oman Drydock Company has celebrated the handing over of the 300th vessel since starting its operations in 2011, under the auspices of Said bin Hamdoon al Harthy,

N-KOM Sees Increased Tanker Business

Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1115 sec (9 req/sec)