Middle East Economic Survey


No 25



Rebel Attacks Halt Oil Exports

Four attacks in three consecutive days (14-16 June) against the southern and northern pipeline systems halted the flow of Iraqi oil exports last week. This included the 1.5mn b/d of Basrah Light crude through the Basrah Oil Terminal, 100,000 b/d from Khor al-'Amaya and 200,000 b/d of Kirkuk crude from Ceyhan. SOMO has not declared force majeure on its Basrah Light supplies. Gunmen also assassinated Ghazi...