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Tuesday, August 26, 2014

Oil tanker killing time in Gulf of Mexico may soon get OK to land


The tanker United Kalavryta, carrying some 1 million barrels of Iraqi Kurdish crude oil worth more than $100 million, arrived near Galveston Bay on Saturday, but has yet to unload its disputed cargo.

Picture taken July 25, 2014. REUTERS/US Coast Guard/handout via Reuters (UNITED STATES - Tags: ENERGY TRANSPORT POLITICS CRIME LAW) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS' height='259' alt='United Kalavyrta Kalavrvta oil tanker' width='460' src='http://news.guugll.com/wp-content/uploads/2014/08/oil-tanker-killing-time-in-gulf-of-mexico-may-soon-get-ok-to-land.jpg' />

A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.

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