RealNews

U.S. says attacks cost Iraq $16 bln in oil exports

Iraq lost $16 billion in oil export revenue for about a two-year period and has not been able to maintain adequate electricity supplies due, in part, to insurgent attacks on the country’s energy infrastructure, the U.S. government’s independent inspector on Iraqi reconstruction said in a new report. “A number of factors, including attacks, aging and poorly maintained infrastructure and criminal activity are adversely affecting Iraq’s ability to develop a viable energy sector,” said Inspector General for Iraq Reconstruction Stuart Bowen. Full Story

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