Iranian Troops Leave Disputed Iraq Oil Field After 'Violation' - Bloomberg

By Kadhim Ajrash and Zahraa Alkhalisi Dec. 21 (Bloomberg) -- Iranian troops withdrew from adisputed Iraqi oil well in the East Maysan field after an armedconfrontation at the deposit, Iraqi government officials said.

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The Iranian forces left the al-Fakah well late Dec. 19,Iraq’s deputy minister of oil Abdul Kareem al-Luaibi toldreporters in Baghdad yesterday. Iranian control of the well was“a violation of the Iraqi border,” al-Luaibi said. “The issueat the al-Fakah well was resolved diplomatically.” The Iranian flag was been taken down from the well, thoughIranian soldiers remained in Iraqi territory, Ali Al-Dabbagh , anIraqi government spokesman, said in comments on Iraqi televisionand to reporters in Cairo yesterday. Iranian tanks entered thearea on Dec. 17, triggering the dispute with its neighbor thatdrove up oil prices. Iran has said the well is on its territory. Clashes between the two countries over disputed oil fieldsnear the border have occurred previously, caused by “the lackof a formally demarcated border between the two countries,” Stratfor , an Austin, Texas-based intelligence-consulting group,said in an e-mailed statement Dec. 18.

Full Story: Iranian Troops Leave Disputed Iraq Oil Field After 'Violation' - Bloomberg