[R-G] Iraq out $165M a day in pipeline attacks
mstainsby at resist.ca
Fri Apr 13 18:03:00 MDT 2007
Iraq out $165M a day in pipeline attacks
Posted : Tue, 10 Apr 2007 00:08:01GMT
Energy Environment News | Home
KIRKUK, Iraq, April 9 Iraq's Oil Ministry says northern pipeline attacks
cost $165 million a day in potential revenue and wants the Kirkuk
council to do more to prevent it.
The Voices of Iraq news agency reports the ministry said the pipeline
from Kirkuk, in Iraq's north, to a port in Ceyhan, Turkey, is "now
defunct" because of attacks. The pipeline, the sole source for shipping
oil from Iraq's northern fields to Turkish markets and beyond, is a
constant target of Sunni insurgents. Most of Iraq's 2 million barrels
per day of production comes from oil fields in the south, and virtually
all of its 1.6 million bpd exports are from Basra, on the Persian Gulf.
The northern pipeline has a capacity of 300,000 bpd.
Hussein al-Shahristani, Iraq's oil minister, said production from Kirkuk
can meet refining capacity in the north, though an electricity shortage
often keeps the refineries offline and the region complains of a fuel
shortage. The entire country lacks sufficient transportation, heating
and cooking fuels.
Shahristani said the pipeline attacks are costing Iraq "millions of
dollars in daily losses." He asked the Kirkuk local council do more to
protect the oil infrastructure from attacks.
Copyright 2007 by UPI
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