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To: Box-By-The-Riviera™ who wrote (71547)	6/12/2001 7:11:30 AM
From: lorne	Read Replies (1) \| Respond to of 116779

Joel. Is this the story your after? Scroll to last paragraph. Saudi seizes Iraqi pipeline on its territory Saudi Arabia said on Monday it seized ownership of an Iraqi crude oil pipeline that crosses its territory and has been shut down since Baghdad's 1990 invasion of Kuwait. The move is certain to increase tensions between the two Gulf neighbors, stirred up last week by Saudi allegations that Iraq has staged a series of raids on Saudi border outposts in recent months. Saudi Arabia, in a letter to UN Secretary-General Kofi Annan, said it was taking over the pipeline because Iraq had made threats against it and committed aggression, "thereby causing serious damage to the Saudi people in terms of lives and property, as well as to natural resources and the environment." It did not offer specifics. Because of this, it said the pipeline - including pumping stations, storage tanks, communications system, loading facilities and a maritime terminal at the Red Sea port of Mu'jiz - "will revert in its entirety to the government of Saudi Arabia." The seizure took effect last Thursday. arabia.com

To: Box-By-The-Riviera™ who wrote (71547)	6/12/2001 6:41:15 PM
From: B.REVERE	Read Replies (1) \| Respond to of 116779

Got this off of Dow Jones yesterday: By Masood Farivar Of DOW JONES NEWSWIRES UNITED NATIONS (Dow Jones)--Saudi Arabia said Monday that it has seized ownership of a pipeline that carried Iraqi crude oil to the Saudi port of Mu'jiz until Iraq's 1990 invasion of Kuwait. In a just-released letter to U.N. Secretary-General Kofi Annan, Saudi Arabia's U.N. envoy, Fawzi Bin Abdul Majeed Shobokshi, said the kingdom confiscated the Iraqi-constructed pipeline and related assets as a result of aggressive behavior by Baghdad. Iraq has "continued to make threats and proceeded to commit aggression, thereby causing serious damage to the Saudi people, in terms of lives and property, as well as to natural resources and the environment," Shobokshi said. Last week, Saudi Arabia accused Iraq of launching a series of cross-border raids that have injured Saudi soldiers. Iraq's U.N. envoy, Mohammed Aldouri, said the seizure violated agreements between the two countries and said Iraq was considering seeking compensation. "We'll defend our rights and we will ask for compensation, because there is a violation of Iraqi-Saudi contractual relations," he said. The seizure - which includes the pipeline, the pumping stations, the storage tanks, the maritime terminal at Mu'jiz, the communications system and the loading facilities - was effective June 7, the Saudi envoy said. According to the U.S. Department of Energy's Energy Information Administration, the pipeline had a capacity of 1.65 million barrels a day. Shobokshi said Iraq exported some 879 million barrels of oil through the pipeline during the time it was in operation. Saudi Arabia has filed a claim with the U.N. Compensation Commission on Iraq, asking that any compensation due the government of Iraq for the seizure of the pipeline be deducted from Persian Gulf War compensation due Saudi Arabia from Iraq. The U.N. oil-for-food program requires 25% of Iraq's oil revenue to go to victims of Iraq's invasion of Kuwait. Governments, corporations and individuals have claimed billions of dollars in compensation, some of which has been paid. Aldouri, the Iraqi envoy, said the Saudi "expropriation" of the pipeline was a move to "align themselves with American policy." Saudi Arabia broke diplomatic relations with Iraq after the Kuwaiti invasion. Iraq has since criticized Saudi Arabia for allowing U.S. and U.K. to use Saudi territory to enforce a no-fly zone in southern Iraq. -By Masood Farivar, Dow Jones Newswires; 201-938-2094; masood.farivar@dowjones.com (END) DOW JONES NEWS 06-11-01 04:29 PM- - 04 29 PM EDT 06-11-01 Jun-11-2001 19:35 GMT Source DJ Dow Jones Categories: