12-18-2009, 10:41 PM
[url="http://news.yahoo.com/s/afp/20091218/wl_afp/iraqiranoilborder_20091218153543"]Iranian forces take over Iraq oil well[/url]
Here comes, high oil price.
Quote:"The oil field is in disputed territory in between Iranian and Iraqi border forts," he said, adding that such incidents occur quite frequently.
An official of the state-owned South Oil Co in the southeastern city of Amara, and west of the field, said: "An Iranian force arrived at the field early this morning (Friday).
"It took control of Well 4 and raised the Iranian flag even though the well lies in Iraqi territory," the official added.
"An oil ministry delegation is to travel to the area on Saturday to assess the situation."
Here comes, high oil price.