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Iraqi Customs Seizes Fuel Ship

26 December 2005 -- Reports from Iraq say Iraqi customs authorities today seized a ship loaded with fuel intended to be smuggled out of the country from Abu Flouss Port in Al-Basrah.

The reports say the authorities detained the crewmembers, two Iraqis, and five Indians. The ship was working under the Yemeni flag.

No more details are immediately available.


Caspian Energy Special

For a complete archive of RFE/RL's coverage of energy issues in the Caspian Sea region and Russia, click here.

HOW MUCH OIL? The U.S. Energy Information Administration has estimated that the Caspian could hold between 17 billion and 33 billion barrels of proven oil. ("Proven reserves" are defined by energy experts to be 90 percent probable.) Other experts estimate the Caspian could hold "possible reserves" of up to 233 billion barrels of oil. ("Possible reserves" are considered to be 50 percent probable.) By comparison, Saudi Arabia has 261 billion barrels of oil and the United States 23 billion...(more)

See also:

Economic Forecast For 2006 Sees Growth, But Danger In Continued High Oil Prices

How Vast Are The Riches In The Caspian?

Experts Envision A Future Beyond Oil