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Chaos in Iraq, troubles in Russia and prices back at their previous highs
Publication year - 2005
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2005.300306.x
Subject(s) - interim , prime minister , toll , death toll , political science , crude oil , international trade , economy , business , engineering , law , economics , socioeconomics , politics , genetics , petroleum engineering , biology
This section summarizes downstream developments of the previous month. Exploration & Production are covered in 'Upstream Review'. Iraq suffered its worst single day of civilian casualties since the end of the US‐led invasion when a car bomb killed more than 125 outside a police recruiting centre in Hillah. Attacks continued on oil installations, including the export pipeline to Ceyhan, which functioned for less than eight days in February, having been closed previously since 19th December. The US death toll in Iraq passed the 1,500 mark and the interim Prime Minister, Ayad Allawi, extended the country's 'state of emergency' for a further 30 days amid continuing violence. Ukraine is to suggest that Iraq exports some of its crude via the under‐used Ukrainian pipeline network ( see GER Survey of Russia on website). This would involve a new pipeline across Turkey to the Black Sea. The Ukrainians also want to export electricity to Iraq.