HOUSTON, July 31 LyondellBasell, which
has reportedly bought Kurdish crude oil being claimed by Iraq,
confirmed on Thursday it has recently purchased "modest
quantities of Iraqi crudes" for its Houston Refining unit.
The company, in its first comments on the issue, said it
would scrap additional purchases for the time being.
"This Iraqi crude is apparently now the subject of an
ownership dispute," the company said.
"We have cancelled further purchases and will not accept
delivery of any of the affected crude until the matter is
appropriately resolved," the company said in a statement.
It said the purchases were made through a reputable
international trader and complied with U.S. law.
U.S. government data shows the company received two
shipments of crude similar to Kurdish oil in May.
It was not immediately clear if the company had also agreed
to buy a cargo of some 1 million barrels worth $100 million that
is currently on the tanker United Kalavrvta. That cargo has been
anchored off the coast of Texas and is at the center of a legal
dispute between the central government of Iraq and the Kurdistan
Regional Government over who owns it.
(Reporting By Terry Wade; Editing by Marianna Parraga)