Iraqis wait to see gains from country's oil boom

Oil   Oil

BAGHDAD (AP) — Iraq is fast becoming an oil producing powerhouse, but you'd never know that by looking at the faded Unknown Soldier gas station in downtown Baghdad. There's no repair garage or mini-mart, just a cramped office with tattered vinyl couches. Horns blare as a string of waiting cars backs up into busy Sadoun Street, slowing traffic.

Electricity from the power grid is available only for a few hours a day, so a noisy generator burns through 200 liters (53 gallons) of fuel daily just to keep the lights on and pumps running. That eats into what little profit is left over after government-imposed price caps, says manager Anmar Abdul-Sattar.

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