Oil production halved as pipelines sabotaged
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A sabotage attack on a cluster of about 20 oil pipelines in southern Iraq has cut exports from the key oil-producing region by half, a leading oil official said yesterday.
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Oil official says fourth sabotage is one of the most powerful and most serious attacks ever on pipeline network. By Marwan Ibrahim- KIRKUK, Iraq.
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OIL prices plunged to their lowest since August yesterday as traders shrugged off Opecâs decision to cut output and reacted instead to the reopening of a pipeline to help more Iraqi supplies reach the West.
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30 August 2004 -- Oil exports from southern Iraq have completely ceased following a series of pipeline attacks by saboteurs. Two senior officials from the South Oil Company, speaking on condition of anonymity
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BAGHDAD, Iraq - Insurgent attacks on pipelines have brought oil exports from southern Iraq to a complete halt, a senior oil official said Monday, part of a rebel campaign to undermine the nation's post-war reconstruction efforts.    In Baghdad, military officials and representatives of rebel Shiite cleric Muqtada al-Sadr held talks Sunday aimed at reducing violence in the restive Baghdad slum of Sadr City...
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Saboteurs are stalling oil transports and causing costly power outages, crippling the country's increasingly unstable energy infrastructure.
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Embattled Russian oil giant Yukos cut its 2004 oil production target from 90 million tonnes to 86 million tonnes, saying its inability to access its frozen accounts had forced the firm to reduce operating costs.
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Sabotage is now being discussed as one possible expanation for the numerous cuts which took place two weeks ago on undersea data pipelines serving much of the Middle East and Southeast Asia.
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Several natural gas pipelines in Veracruz state in Mexico are  damaged in blasts officials call sabotage.
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Production at several alumina  refineries in Jamaica has been reduced and shipments slowed due  to damage caused by Hurricane Ivan, which battered the island  over the weekend, several companies said Tuesday.
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OPEC oil producers on Saturday said they  had already moved to rein in excess supply, a day after doubts  over the group's resolve to cut sent prices into a tailspin.
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Oil major BP Plc has shut down 10,000 barrels per day of oil production at its giant Prudhoe Bay oil field in Alaska after discovering a leaking flow line, the Anchorage Daily News reported on Saturday.
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BASRA, Iraq Aug. 26, 2004 - Saboteurs have attacked about 20 oil pipelines in southern Iraq, reducing exports from the key oil producing region by at least one third, a top oil official said Thursday.
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Insurgents attacked two oil pipelines in northern Iraq on Tuesday, halting oil exports from there to Turkey and forcing a power station to be shut down, police and officials said.
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Crude oil futures slipped yesterday as Norwegian officials ordered striking oil workers back on the job, preventing more cuts in production from the third-largest global exporter of crude.
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The price of oil has fallen as fears about interruptions to supplies being pumped out of Iraq eased slightly.
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A third of the countryâs oil refineries have reported disruptions like fires, power failures, leaks, spills and breakdowns this year.