While the Iraqi government says it is still in control of the country’s main oil refinery, there are conflicting accounts. Analsysts say the refinery and a neighboring power plant supply Iraq with a third of its fuel and nearly a tenth of its electricity.
So how is the ongoing crisis in Iraq affecting the oil market? CCTV’s Jessica Stone interviews Mazen Al -Eshaiker, Chairman of the Injah Development Center; and Economic Advisor to the Iraqi National Congress.
Follow Mazen Al -Eshaiker on Twitter@MazinAlEshaiker