facebook
twitter
rss
account
search
search
 

U.S. official: Corruption in Iraq oil

July 17, 2006 at 9:35 AM   |   Comments

WASHINGTON, July 17 (UPI) -- Iraq's government-run oil industry is plagued with "massive corruption" that is hindering the country's movement toward self-reliance, a U.S. official said.

U.S. Comptroller General David Walker, head of the Government Accountability Office, told a House Government Reform subcommittee meeting that he reviewed oil production and revenue figures during a trip to Iraq earlier in the year, The Washington Post reported Monday.

"It took me about, you know, a second and a half to realize that, obviously, there was massive corruption going on, because the numbers just didn't add up," Walker said.

Walker said the theft of an estimated 10 percent of country's refined fuels and about 30 percent of imported fuels was enabled in part by the low price of gasoline in Iraq, 44 cents a gallon, compared to 90 cents a gallon for most of the region.

"That provides a tremendous incentive to be able to steal these fuels and be able to sell them for whatever purposes, corruption or otherwise," Walker said.

Topics: David Walker
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
School accused of using girl as rape bait; girl gets attacked School accused of using girl as rape bait; girl gets attacked
2
Man who raped pit bull puppy sentenced to five years in prison Man who raped pit bull puppy sentenced to five years in prison
3
40 Islamic State fighters killed in U.S. air strike 40 Islamic State fighters killed in U.S. air strike
4
Man beaten to death by barbell in San Francisco gym Man beaten to death by barbell in San Francisco gym
5
Snowden reveals connection between NSA and Israel's spying on Palestinians Snowden reveals connection between NSA and Israel's spying on Palestinians
Trending News
Video
x
Feedback