Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on November 27, 2006

Bookmark and Share

Iraq declares war on petroleum smuggling

BAGHDAD, Iraq – Smugglers were loading gasoline on a ship at an illegal port in southern
Iraq when police surprised them with a raid that ended with five smugglers and two policemen dead.

The October clash at Abu Flus was one of many attempts by security forces trying to stop smuggling of Iraqi petroleum products to neighboring countries, a practice that is costing the country billions of dollars every year.

Smugglers are selling millions of gallons of Iraqi gasoline, kerosene and diesel fuel outside the country every year. They then reap huge profits by selling the petroleum products back to the government for import.

“The most serious challenges facing the oil industry are smuggling and terrorism. They are both hitting the national economy, robbing Iraq and blocking development,” said Oil Ministry spokesman Assem Jihad.

AP



Leave a Reply

Your email address will not be published. Required fields are marked *