Iraq seeks court order to seize oil worth US$100m in Texas
It claims the oil was illegally pumped from Kurdistan wells
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[HOUSTON] The Iraqi Oil Ministry is seeking a court order to seize more than US$100 million of oil waiting to offload in Galveston, Texas, that it claims was illegally pumped from wells in Kurdistan.
Kurdish officials "misappropriated" more than one million barrels of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed on Monday in federal court in Houston.
The US officially recognises Kurdistan as part of Iraq, although the Kurdish people have jockeyed with the Baghdad-based national government for autonomy for more than a decade. Oil revenues from the northern oil fields could fuel Kurdistan's fight for independence.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
