Friday, April 28, 2006Heckuva Job, Bushie!
Oil industry corruption crippling Iraq economy
BAGHDAD (AP) — Corruption and smuggling in Iraq's oil industry have become the biggest threat to the country's economy, a new report said Tuesday.
The report, prepared by the office of the inspector general of Iraq's oil ministry, said the only solution is an urgent crackdown by Iraq's government.
The corruption in the oil sector and smuggling of oil products to neighbouring countries are the most important reasons behind the lose of billions of dollars, and these two problems are the biggest threat to Iraq's economy," the report said.