Federal Court acts on request of Iraqi Oil Ministry as dispute over export rights continues.
UPSTREAMONLINE.COM

REUTERS

The Federal Court of Canada has ordered the seizure of a 721,915-barrel cargo of crude from Kurdistan aboard the oil tanker Neverland on the request of the Iraq Oil Ministry, court documents show. The Iraq Oil Ministry has also filed a claim against commodity trading house Vitol and subsidiaries including Mansel, the charterer of the ship, and affiliate Finaval SpA di Navigazione, the owner of the ship, for $32.5 million...Read more>