ENERGY

Iraqi Kurdistan oil attack leads to stoppage

Smoke rises from Islamic State militant positions as Kurdish security forces attack ISIS extremists outside the oil-rich city of Kirkuk. (Reuters)

Iraq's Kurdistan Regional Government said that recent acts of sabotage on oil pipelines to the Turkish port of Ceyhan had led to "an almost complete stoppage in the flow of crude oil".

A government statement posted online on Sunday said the attacks had cost the KRG more than $250 million.

A pipeline carrying Kirkuk and Kurdish oil to Ceyhan was halted after an attack by saboteurs last week, though a shipping agent later said pumping had resumed using a bypass line.
 

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Last Update: Monday, 3 August 2015 KSA 10:06 - GMT 07:06
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Iraqi Kurdistan oil attack leads to stoppage
A government statement posted online said the attacks had cost the KRG more than $250 million.
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