Newspaper article THE JOURNAL RECORD

Iraq Accuses Kuwait of Stealing Oil, Warns It Will Take Action

Newspaper article THE JOURNAL RECORD

Iraq Accuses Kuwait of Stealing Oil, Warns It Will Take Action

Article excerpt

BAGHDAD, Iraq (AP) -- Iraq accused Kuwait on Thursday of digging wells that allow it to steal Iraqi oil and warned that it will take proper measures to stop its neighbor's actions.

"The rulers of Kuwait have been, in the past few years, digging oil wells aimed at bleeding reserves in the border area," the official Iraqi News Agency quoted Oil Minister Amer Mohammed Rashid as saying.

The statement came one day after Rashid announced that Iraq, which sits on the world's second-largest oil reserves after those of Saudi Arabia, would not be able to reach its goal of pumping 3.4 million barrels a day by the end of the year due to the unavailability of spare parts and materials.

Iraq's oil industry has been devastated by wars and U.N. trade sanctions, which long barred the sale of spare parts to rehabilitate the industry's installations.

"Iraq is following this matter closely and will take the proper measures to secure its rights over its oil wealth," Rashid told the agency. …

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