By Patrick M Schmidt.
On Sunday, the United States Coast Guard granted permission for the Kurdish oil tanker, United Kalavrvta, to offload its payload of crude oil from Kurdistan Regional Government (KRG) controlled oilfields in northern Iraq.
The State Department further indicated that they would not prevent tanker from offloading at port in Galveston, Texas (pictured). This action follows threats from Baghdad to sue any nation that accepts the “illegal” oil.
The tanker is carrying one million barrels of crude that is valued at over $100 million dollars at current market prices.
The tanker will now begin the process of unloading its payload to smaller vessels that will then take the oil into port for storage and processing. It is estimated the entire offloading process will take several days.