Iraq loses $25 million daily

Iraq loses $25 million every day, due to oil pipeline sabotage.

Iraq sees revenue losses due to repeated pipeline sabotage
Iraq sees revenue losses due to repeated pipeline sabotage

Iraq loses $25 million every day, resulting from repeated acts of sabotage on the Kirkuk-Jehan oil pipeline.

Susan Al-Sa’ad, a member of the parliament on the Oil & Energy Committee revealed this, recommending that the government of Iraq protect its oil infrastructure.

“These sums are real and there should be earnest measures by the government to protect the oil facilities especially the sabotage on Kirkuk-Jehan pipeline is continuously happens," she said.

Kirkuk-Jehan oil pipeline is 970 km long line and is Iraq’s largest crude oil export line. This year, the country’s oil exports hit 3.6 million bpd, a record 30 year high, according to Wall Street Journal reports.

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