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Dec. 18 (Bloomberg) -- Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the East Maysan field in al-Fakah region, 450 kilometers (280 miles) south of Baghdad, Border Guard General Zafer Nazmi said. The Iranian forces positioned tanks around the well.
The general’s comments couldn’t be immediately verified independently.
“They positioned tanks around it and dug trenches,” Nazmi said by phone from Basra. “They are still there, they raised the flag.”
Energy analysts and traders were surprised at the news, which comes days before Iran and Iraq meet fellow members of the Organization of Petroleum Exporting Countries at a Dec. 22 meeting in Luanda, Angola. Crude oil for January delivery rose as much as $2.04, or 2.8 percent, to $74.69 a barrel on the New York Mercantile Exchange. It traded at $74.58 a barrel at 2:19 p.m. London time.
BAGHDAD – Iranian troops have crossed into Iraqi territory and seized an oil well that lies in a disputed area along the two countries' southern border, Iraq's deputy foreign Minster said Friday. The deputy minister, Mohammed Haj Mahmoud, said Iranian troops seized oil well No. 4 Thursday night in the al-Fakkah oil field, located about 200 miles (about 320 kilometers) southeast of Baghdad. The oil field is one of Iraq's largest. Oil prices rose slightly after news of the incident. "We are coordinating with the Oil Ministry regarding this issue. This is not the first time that the Iranians have tried to prevent Iraqis from investing in oil fields in border areas. Tomorrow, we might summon the Iranian ambassador to discuss this issue," Mahmoud told The Associated Press. The al-Fakkah field is considered a shared field between Iran and Iraq, meaning both nations are able to pump oil from it, but the Iraqis consider oil well No. 4 theirs.
Originally posted by Grayelf2009
Sounds like they are trying to secure some oil before Isreal attacks there nuke facilities and the like. Bothe sides are prepping for war...
Israel shuts down all commercial crossings with Gaza
[edit on 18-12-2009 by Grayelf2009]
Originally posted by DaddyBare
...in a real fight Iran wouldn't last a month against the industrial might of the western war machines.
[edit on 18-12-2009 by DaddyBare]
Originally posted by donhuangenaro
I don't agree... look what is happening in Afghanistan... years have passed and western 'industrial might' is not making any results, quite the opposite...