UPDATE: Oil Ministry targets Vitol for legal action in KRG oil dispute
Baghdad prepares a legal offensive as the Neverland oil tanker, filled with a controversial cargo of crude from Kurdistan, has appeared off the coast of Canada.
The Neverland tanker, seen here in a promotional picture from owner Finaval. (Source: http://www.finaval.com/site/en/fleet/fleet-card-aframaxes/neverland)
UPDATES:
- Neverland has arrived offshore Nova Scotia
- Shipping documents initially showed U.S. as the destination
- Oil trader confirms specifications of the crude
The Iraqi Oil Ministry believes Vitol is the buyer and shipper of a tanker of crude that has recently arrived near Nova Scotia, Canada, a week after it set off from Turkey's Ceyhan port toward North America.
Baghdad is now preparing for legal action in Canadian jurisdiction over what one senior Oil Ministry official referred to as "smuggled" oil, and against Vitol.
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