Energy | Nature

Iraq out $165M a day in pipeline attacks

Posted : Tue, 10 Apr 2007 00:08:01 GMT
Author : Energy News Editor
Category : Energy (Environment)
News Alerts by Email ( click here )
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

Share/Save/Bookmark

Article : Iraq out $165M a day in pipeline attacks
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Energy (Environment) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.