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Let it Flow
February 04, 2004
Iraq's oil industry is rebounding impressively, but sabotage by terrorists - oops, "insurgents" - is still a big problem. The story, from SF Chron reporters in Kirkuk. A few highlights below. "An industry that was incapable of moving a drop of oil in April now is close to producing at prewar levels....Since June, (American advisor Robert) McKee said, Iraq has exported 220 million barrels, earning $5 billion. The money goes to a fund controlled by the occupation authorities, who use it to buy food for Iraqis, rebuild damaged oil equipment and buy supplies for security forces.... By the end of this month, the number of guards is expected to increase to 14,500. The extra security is beginning to pay off. Last month, guards at Daura refinery foiled intruders and uncovered 80 containers of explosives." Posted by Matt Rosenberg at February 4, 2004 04:29 PM Trackback Pings TrackBack URL for this entry: Comments:
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