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An explosion resulted in a large reduction in oil exports in Basra
Iraq, Economics, 5/11/2004

Iraqi oil sources announced yesterday that oil exports from al-Basra port were greatly reduced after the blowing up of an oil pipeline to the south of Iraq on Saturday.

The engineering department at the American occupation forces said earlier that oil exports were stopped from the key southern ports after the attackers blew up pipelines feeding these ports.

The spokesman for the engineering department said that fire is still ablaze in the pipelines in the southern side of Fao peninsula after the attack which took place on Saturday morning.

On the other hand, a source at the fire fighting department said that fire was set on Sunday in the oil pipelines that arrives in Khour al-Amya port to the south of Iraq because of the attack.

Fire, however and smoke columns were seen on Sunday from far in part if the pipeline, situated 40 Km to the south of al-Basra.

Worthy mentioning that the said pipe transports crude oil from southern Iraq fields to its center was exposed on Saturday to a similar attack.

Worthy mentioning that the oil pipelines are often exposed to attacks in the north and south of Iraq. Observers say that these aim at preventing the occupation authority and the Iraqi government, appointed by it, from benefiting from oil.

Previous Stories:
  8.6 billion the revenues of the Iraqi oil   (5/5/2004)
  U.S. must help Iraq obtain wealth quickly, Ex-Im bank head says   (3/27/2004)
  Syrian - Iraqi economic cooperation highlighted   (3/19/2004)

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