Iraq’s state oil marketing firm SOMO denied a claim by Fujairah International Oil & Gas Corp of the United Arab Emirates (UAE) that an oil cargo, which the United States seized alleging that it carried Iranian crude in violation of sanctions, was bought from Iraq. Fujairah International Oil & Gas Corp has told a federal court in the District of Columbia that the 2 million barrels of crude oil that the U.S. seized earlier this year originally came from Iraq. However, it did not disclose the supplier. The Emirati company, which is owned by the Fujairah emir, Sheikh Hamad bin Mohammed Al Sharqi, then sold the crude to an undisclosed buyer from China, according to Bloomberg. Greek company Capital Ship Management Corp had notified the U.S. that it might have unknowingly loaded Iranian oil on board, believing the crude had come from Iraq. According to Fujairah International Oil & […]