Article

2011-02-26 Iraq

Iraq's largest oil refinery shut by bombing

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Posted by 2011-02-26 10:44|| || Front Page|| [4 views ] Top

#1 Iraq exports no oil?

Really? Or just none from this area/field/refinery?

Our price of gas will go up, anyway.

Posted by Bobby 2011-02-26 11:14|| 2011-02-26 11:14|| Front Page Top

#2 Iraq exports crude, but no refined products, as I understand.

Posted by Glenmore 2011-02-26 11:50|| 2011-02-26 11:50|| Front Page Top

#3 As Glenmore says, and as the article stated (but not clearly), this refinery makes products for the Iraqi domestic market. The bombing means that Iraq will have to import products like diesel, lubricants, etc for quite a while. That will certainly have an impact in Iraq but shouldn't affect the world market.

If the terrorists manage to nail a crude pipeline, of course, that changes things.

Posted by Steve White 2011-02-26 14:06|| 2011-02-26 14:06|| Front Page Top

#4 Iran has just brought some new refineries online, I guess they just created a new customer.

Posted by crosspatch 2011-02-26 18:47|| 2011-02-26 18:47|| Front Page Top

#5 Iran's own domestic needs far outpace their current production. The mullahs might well divert products from the new refinery elsewhere, however, if it bought them influence.

Posted by lotp 2011-02-26 20:23|| 2011-02-26 20:23|| Front Page Top

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