Iraq to restart northern oil exports this week - Mission Accomplished!

[NNN0LHI]

http://www.alertnet.org/thenews/newsdesk/L2385451.htm

LONDON, July 23 (Reuters) - Iraq has completed repairs to one of two sabotaged oil pipelines that export crude from its northern fields to Turkey and aims to restart the flow this week, Iraq's oil minister said on Sunday.

"We completed the repairs today," Oil Minister Hussain al-Shahristani told Reuters in London. "We hope to restart it very soon. This week."

Shahristani is trying to restore Iraq's dilapidated oil industry, the country's main source of the hard currency needed to rebuild its economy.

The industry needs billions of dollars of investment to overhaul infrastructure and boost output after years of sanctions, war and mismanagement.

[norml]

1. Oil production is not the goal, controlling the flow, in order to assure

"price stability" (high prices) is.

[kentuck]

2. There is a pipe line that was closed several decades ago...

that goes thru northern Israel or southern Lebanon to the Mediterranean Sea, also, I believe I read somewhere? Does anyone know of this pipeline?