March 31 —
THE OIL FIELDS: American and Kuwaiti firefighters tried
unsuccessfully Monday to douse the two remaining blazes at
booby-trapped oil wells in Iraq's Rumeila South oil field. A team
from Boots & Coots International Well Control did not have
enough water Monday, while Kuwaiti firefighters were unable to
contain a fire at a damaged well head nearby. Both teams planned to
try again Tuesday.
Firefighters already extinguished five fires in Rumeila South
just north of the Kuwait-Iraq border and one of Iraq's biggest oil
fields.
Iraqis who previously worked at the field have already started
returning to ask for their jobs back and are being screened by the
military, said Boots & Coots president, Brian Krause.
In northern Iraq, Kurdish fighters took control Sunday of more
territory left by Iraqi forces withdrawing toward the major oil
center of Kirkuk. It was the third significant withdrawal by Iraqis
in the area since Thursday. Kirkuk is the nation's No. 2
oil-producing region after the Rumeila fields.
THE MARKET: Crude oil futures rose Monday. On London's
International Petroleum Exchange, North Sea Brent futures for May
delivery gained 80 cents at $27.15 a barrel in late trading. On the
New York Mercantile Exchange, the May contract for U.S. light, sweet
crude rose 34 cents to US$30.50 a barrel in afternoon trading.
photo credit
and caption:
Iraqis ride camels as the
Rumeila oil plant is burns in southern Iraq, Sunday, March.
30, 2003. Only seven wells were lit on fire at the Rumeila
field by explosives the U.S. military says were set by Iraqis
_ a far cry from the more than 700 oil wells retreating Iraqi
forces damaged or destroyed in Kuwait in the first Gulf War.
(AP Photo/ Yonhap, Jin
Sung-chul)
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