RealNews

Saboteurs Halve Iraqi Oil Exports

Guerrillas set a southern oil pipeline ablaze on Saturday, halving Iraq’s vital crude exports, in the first major sabotage attack since an Iraqi interim government took over from the U.S.-led occupation. An oil official said one of two pipelines feeding Iraq’s Gulf terminals was on fire in the Faw Peninsula and a shipping agent said this had cut exports to 960,000 barrels per day. Oil exports, Iraq’s main economic artery, had recovered to about two million bpd after being choked off completely by last month’s attacks on both southern pipelines. Full Story

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