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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: cnyndwllr who wrote (14793)11/11/2002 7:33:02 PM
From: Tomas  Read Replies (2) of 206097
 
The Director General for Planning at the Iraqi Oil Ministry, al-Khayat, has said that that:
3 MMBD of production capacity could be reached within 1 year, 3.5 MMBD within 3-5 years, and 6 MMBD in less than a decade after the lifting of U.N. sanctions.

Any post-sanction oil program will require massive amounts of foreign investment. Former Iraqi Oil Minister al-Chalabi has estimated that Iraq would need at least $5 billion of foreign investment during the first 2-3 post-sanction years in order to bring the country's oil output back to pre-Gulf War levels. He also projected that $30-$50 billion of foreign investment would be required to bring capacity up to 6 MMBD.

Note that these are Iraq's own optimistic estimates, the Iraqi plans are usually very unrealistic.
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