Middle East Economic Survey

VOL. XLVIII

No 7

14-February-2005

iraq

Iraqs Oil Sector Lost $6Bn Through Sabotage In 2004, Attacks Continue

Financial losses suffered by Iraqs oil sector through sabotage in 2004 totaled $6bn, according Oil Ministry spokesman Asim Jihad, quoted in the daily Asharq al-Awsat on 6 February. He said that the sector recorded 264 acts of sabotage during the past year. Of these, 22 targeted wells, causing explosions; 51 were against export facilities, 88 were directed against...