BUSINESS
08/07/2008 05:12 am ET Updated May 25, 2011

Iraqi Oil Disputes Threaten The Country's Stability

BAGHDAD -- A political turf war is threatening the stability of Iraq's biggest cash cow: the embattled but so-far dependable South Oil Co.

After chasing gunmen off the streets of the southern oil city of Basra this year, Iraq's central government is trying to reassert control over South Oil, the state-owned oil company based there. In May, Baghdad said it was reassigning the company's top executive, Jabber el-Leaby, to an advisory position at the Oil Ministry -- a move many observers see as a demotion

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