Iraqi Kurdistan Says Oil Pipeline Sabotage Cost $501 mln

Repeated sabotage of the pipeline carrying crude from Iraq's Kurdistan region to Turkey had cost it $501 million since July 1, the region's Ministry of Natural Resources said.

It had lost $251 million in revenue as a result of "persistent theft" from the pipeline "in addition to $250 million damage to KRG finances caused by the explosion on the pipeline at the end of July", it said.

(Reporting by Isabel Coles)