View Full Version : Iraq Oil Sector Lost Over $6Bil In 2005

02-18-2006, 01:21 PM
Iraq oil sector lost over USD 6 bln. in 2005


BAGHDAD, Feb 18 (KUNA) -- Iraq has lost over USD 6 billion throughout 2005 due to sabotage operations against its oil sector facilities, a senior official told KUNA on Saturday.

Issam Jihad, Spokesman for the Iraqi Oil Ministry said the ministry experts have estimated the loss at USD 6.25 billion, while 138 security and technical personnel lost their lives in a series of 186 sabotage operations carried in 2005.

Operations to set oil fields ablaze cost the ministry about USD 400 million, while above USD 2.7 billion were lost in operations against crude oil pipelines. Destroying petrochemicals pipelines also cost over USD 3 billion, he concluded.