Insomnia (insomnia) wrote,
Insomnia
insomnia

Iraq -- an oil debtor?!

34 Turkish companies have stopped exporting refined oil products to Iraq, because they are owed over $1 billion that the Iraqi government has so far failed to pay.

Iraq needs to import refined oil products from Turkey, because it lacks refinery capacity, and its three major refineries are all significantly effected by insurgent attacks. Apparently, they recieve refined oil / petrol by tanker from the relatively safe southern ports on the Arabian Sea.

Expect the gas lines that currently plague Iraq to get worse, until such point as they pay their debts.
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