The Rumaila field is Iraq's largest with 17.8 billion barrels. It is being developed by Britain's BP and China's CNPC. — Photo by AP

BAGHDAD: A pair of bombs struck two oil pipelines in southern Iraq, causing a temporary cut in production at the country's largest oil field, officials said Saturday.

The blasts took place late Friday at the Rumaila field, sparking a fire that took firefighters a few hours to extinguish, said the deputy head of the Basra provincial council, Ahmed al-Sulaiti. No one was hurt.

Such attacks are rare in Iraq's oil-rich south where international oil companies have begun flooding in to help develop the country's vast oil reserves. Basra is Iraq's second-largest province and home to about 70 per cent of the country's proven oil reserves of 143.1 billion barrels.

The attack forced officials to cut production by about 600,000 barrels from around 1.25 million barrels per day, said Dhia Jaafar, the director-general of the state-run South Oil Co.

He said the country's oil exports were not affected and production should be restored to normal levels in two days.

''It is a terrorist attack and sabotage act,'' he said. ''It is a clear security breach and that we should all cooperate to catch and punish those behind it so that it will not be repeated.''

The Rumaila field is Iraq's largest with 17.8 billion barrels. It is being developed by Britain's BP and China's CNPC.

Iraq's daily production stands at about 2.9 million barrels per day and oil exports average around 2.1 million barrels per day. Oil revenues make up about 95 per cent of the state budget.

Iraq has awarded 15 oil and gas deals since 2008 to international energy companies in the first major investment in the country's energy industry in more than three decades.

Baghdad aims to raise daily output to 12 million barrels by 2017, a level that would put it nearly on par with Saudi Arabia's current production capacity. But many analysts say the target is unrealistic, given the decaying infrastructure due to many wars and more than a decade-long international embargo.

Opinion

Editorial

Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...
Tribunals’ failure
Updated 19 Nov, 2024

Tribunals’ failure

With election tribunals having failed to fulfil their purpose, it isn't surprising that Pakistan has not been able to stabilise.
Balochistan MPC
19 Nov, 2024

Balochistan MPC

WHILE immediate threats to law and order must be confronted by security forces, the long-term solution to...
Firm tax measures
19 Nov, 2024

Firm tax measures

FINANCE Minister Muhammad Aurangzeb is ready to employ force to make everyone and every sector in Pakistan pay their...