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Corruption cripples Iraq oil
- Iraq: Thursday, April 27 - 2006 at 07:25
Iraq's oil industry is being crippled by corruption at a time when insurgents have stepped up attacks on the nation's infrastructure, according to a report cited by BBC Online. The Oil Ministry's inspector general Ali al-Alaak estimates close to $4.2bn worth of oil-related products were smuggled out of Iraq last year, while crude was stolen directly from the country's leaking pipelines.
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James McInerney, News EditorThursday, April 27 - 2006 at 07:25 UAE local time (GMT+4)
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This article was updated on Sun Oct 22 2006.
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