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Iraq oil minister returns to job after price protest



AFP
BAGHDAD
Petroleumworld.com 01 10 06


Iraqi Oil Minister Ibrahim Bahr al-Ulum who last month said he was resigning his job in protest at fuel price hikes has returned to his post, the government said Monday.

"Bahr al-Ulum has resumed his activities as oil minister after taking back his resignation at the request of the Prime Minister (Ibrahim Jaafari), members of the cabinet and certain religious leaders," said a statement.

Upon returning to his post, Ulum chaired a meeting of oil ministry officials to look at the distribution of oil products, it added.

Following Bahr al-Ulum's resignation, disgraced former US ally and current Deputy Prime Minister Ahmed Chalabi was named as his temporary replacement.

His move to such a powerful position would likely have been frowned upon by Washington, which fell out with Chalabi in the aftermath of the March 2003 US-led invasion of Iraq.

Bahr al-Ulum stepped down in protest at a government decision to treble the price of oil in a bid to reduce state subsidies which account for about half the government's budget.

The unpopular move prompted widespread demonstrations around the country.

Iraq's oil industry is struggling despite the country's vast reserves. Oil infrastructure has been the target of persistent insurgent attacks since the fall of Saddam Hussein in 2003.

Rebels attacks on oil pipelines hit the struggling Iraqi economy and increase dissatisfaction among Iraqis angry at a lack of electricity from oil-powered generators and lengthy queues at petrol stations.

Last Wednesday, four separate convoys of oil tankers were ambushed by gunmen or bomb blasts, leaving three drivers dead.

 

AFP 01/09/06

Copyright © 2006 AFP. All rights reserved

 

 


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