JAMES GLANZ, NY TIMES - Between 100,000 and 300,000 barrels a day of
Iraq's declared oil production over the past four years is unaccounted
for and could have been siphoned off through corruption or smuggling,
according to a draft American government report. Using an average of $50
a barrel, the report said the discrepancy was valued at $5 million to
$15 million daily. The report does not give a final conclusion on what
happened to the missing fraction of the roughly two million barrels
pumped by Iraq each day, but the findings are sure to reinforce
longstanding suspicions that smugglers, insurgents and corrupt officials
control significant parts of the country's oil industry.
http://www.nytimes.com/2007/05/12/world/middleeast/
12oil.html?_r=1&hp&oref=slogin
Iraq's declared oil production over the past four years is unaccounted
for and could have been siphoned off through corruption or smuggling,
according to a draft American government report. Using an average of $50
a barrel, the report said the discrepancy was valued at $5 million to
$15 million daily. The report does not give a final conclusion on what
happened to the missing fraction of the roughly two million barrels
pumped by Iraq each day, but the findings are sure to reinforce
longstanding suspicions that smugglers, insurgents and corrupt officials
control significant parts of the country's oil industry.
http://www.nytimes.com/2007/05/12/world/middleeast/
12oil.html?_r=1&hp&oref=slogin
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