Zachary Toliver | Shale Plays Media
According to The Wall Street Journal today, a U.S. court has ordered U.S. Marshals to seize a $100 million cargo of Kurdish oil on a tanker off the coast of Galveston, Texas, if it is brought ashore.
In a complaint filed yesterday, the Iraqi Ministry of Oil accused the Kurdistan Regional Government of illegally producing and exporting oil onboard the United Kalavrvta.
The order, which was verified by federal courts late Monday evening, is evidence of the United States’ support of Iraqi unification. U.S. policy holds the belief that Kurdistan’s energy resources belong to the entirety of Iraq. However, in this case, it was clear executive powers were attempting to stay out of the private business transaction.
Although tension may have been avoided by blocking the ambitious economic move of Kurdistan, surly the impeding influence of the lager Iraqi state is going to leave Kurdish powers furious.
Read the full update to this ongoing standoff in the Texas harbor from journalist Sarah Kent, “U.S. Court Orders Seizure of $100 Million Kurdish Oil Cargo”