RealNews

Iraqi Oil Exports Rebound After Repairs

Oil exports from southern Iraq rebounded to 1.8 million barrels a day Wednesday after repairs were completed on a pipeline damaged by sabotage, an official with the South Oil Co. said. The pipeline, the smaller of two key southern export arteries linked to offshore terminals, was breached Saturday as a result of sabotage or smugglers. The outage resulted in a roughly 50 percent decrease in crude oil exports from the south, and came as Iraq’s new interim government is struggling to build credibility in the international oil market as a stable supplier of crude.Full Story

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