Iraq's oil exports hit lowest level (1)

1 Name: Sling!XD/uSlingU 2006-01-02 22:18 ID:y9c3tMyy

http://today.reuters.com/News/newsArticle.aspx?type=topNews&storyID=2006-01-02T211740Z_01_SCH149970_RTRUKOC_0_US-IRAQ.xml
"Iraq's oil exports hit their lowest level since the war, according to figures released on Monday, heightening a sense of crisis as fuel supplies grow scarce and political leaders struggle to form a government.

Iraq exported 1.1 million barrels per day (bpd) of oil in December, a senior official said -- less than any month since exports resumed in mid-2003 after the U.S. invasion and about half the level seen during sanctions under Saddam Hussein.

Sabotage is damaging plants and blocking investment, keeping exports at a fraction of targets officials say should be met if Iraq's vast reserves are to provide its people with the prosperity that might draw the sting of civil conflict."

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