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Iran steals $17 billion worth of Iraqi oil annually claims report
A report issued by the London-based International Centre for Development Studies confirmed that Iran is stealing large amounts of oil from neighboring Iraqi fields.According to the report, Iran steals $17 billion worth of Iraqi oil from fields that are mostly Iraqi and not shared between the two countries. Those fields are home to more than 100 billion barrels and the majority of them are inside the borders of Iraq. The amount of oil Iran takes from Iraq, the report explained, is estimated at 130,000 barrels and mainly comes from four Iraqi fields: Dehloran, Naft Shahr, Beidar West, and Aban. Irans violation of Iraqi oil rights also extends to the fields of al-Tayeb and Fakka as well as parts of Majnoun field with an estimated 250,000 barrels. The total amount of oil Iran steals from Iraq is estimated at 14 percent of Iraqi oil revenue. The report points out that Iran is using Iraqi oil unilaterally even though the two countries have previously agreed on forming joint committees to regulate the use of oil in border fields. In addition, excavation activities Iran carries out on the border have a negative impact on the quality of Iraqi oil since it affects the pressure in Iraqi fields. Posted by: tipper 2012-04-19 |
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