RealNews

Pipeline blast cuts Iraq exports via Turkey as oil prices hit record high

Saboteurs blasted an Iraqi oil pipeline, fueling fears that sent oil prices to a record high late, while eight people were killed in unrest around Iraq. A bomb planted near a network of pipelines at Al-Fateha, west of Kirkuk, at dawn damaged the main pipeline to the Turkish port of Ceyhan, bringing exports to a halt, said Nasir Qassim, an official with the state-owned Northern Oil Company. The road connecting the Kirkuk oil region with the refineries in Beiji was cut off as emergency workers battled to extinguish the raging flames and thick black smoke. The attack helped send oil prices to record highs amid broad concerns about production capacity. Full Story

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