Insomnia (insomnia) wrote,

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.

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.