7/26/2013

Crude for blood: return of sectarian war hits Iraq's oil exports

Crude for blood: return of sectarian war hits Iraq's oil exports | Reuters
"Iraq's Sunni insurgents are targeting its main northern oil pipeline, undoing plans for a massive increase in exports as violence reaches levels unseen since the darkest days of civil war.Iraq's ambitious plans to ramp up its oil output have been held back by poor maintenance and technical problems. Violence is making the situation worse, and, if it continues to escalate, could have a measurable impact on global supply."


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