RealNews

Oil attacks costing Iraq $6.25bn

Attacks by insurgents on Iraq’s oil industry cost the country $6.25bn (£3.6bn) in lost revenue during 2005, according to the Iraqi oil ministry.A total of 186 attacks were carried out on oil sites last year, claiming the lives of 47 engineers and 91 police and security guards, a spokesman said. Iraq’s government has been struggling in the wake of a violent insurgency following the US-led invasion in 2003. Full Story

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