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Page added on December 13, 2011
Three bombs hit southern Iraq oil pipeline
Three bombs hit an oil pipeline that transports crude from Iraq’s southern oilfields to storage tanks around the oil hub of Basra on Tuesday, an oil police source said.
“The explosions happened in succession and caused an enormous fire,” said the source who was at the blast scene.
“We cannot go near the explosion site because the fire is still raging … we fear the fire might extend to other nearby oil pipelines.”
An oil official in Basra confirmed the explosion was caused by a bomb attack.
2 Comments on "Three bombs hit southern Iraq oil pipeline"
boobies on Tue, 13th Dec 2011 11:56 pm
Rumaila, the workhorse of Iraq’s oil industry, has some 17 billion barrels in estimated crude reserves and usually pumps around 1.2-1.3 million bpd, which is almost half of Iraq’s output.
BillT on Wed, 14th Dec 2011 1:40 am
And the beat goes on…higher oil prices in 2012 and a Depression in the Western countries, I think.