Reuters reports that a former Iraqi oil minister said it was necessary for Iraq to regain the Iraqi Pipeline in Saudi Arabia (IPSA), which has not carried Iraqi crude since Saddam Hussein invaded Kuwait in 1990, and which was confiscated by Saudi Arabia in 2001 as compensation for debts owed by Baghdad. Bahr Al Olum, […]
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Iraq May Reopen the Yanbu Pipeline
By Simon Kent. Following the news earlier this month that Saudi Arabia is reopening their embassy in Baghdad, an un-named official in Iraq's Ministry of Oil has suggested there may be a plan to reopen the Yanbu pipeline from Iraq to Saudi Arabia. Speaking to Baghdad paper Al Sabah, the official said that Iraq was […]