Court Scuttles Order To Seize Kurdish Crude From Tanker Near Texas
Aug. 26, 2014
(Houston, TX) -- A federal court in Houston is scuttling an order to seize about a million barrels of oil from a tanker anchored off Texas. Monday's ruling could allow the Kurdish crude to be delivered in Galveston. The month-long court case revolves around who owns the oil. Iraq's central government says the oil belongs to the Baghdad Ministry of Oil. The Kurds say it belongs to the Kurdistan regional government. The crude is worth about 100-million dollars, which the Kurdish regional government wants to use to fund its fight against ISIS militants.