Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Claud B who wrote (23124)	8/16/1999 1:25:00 PM
From: Lee Lichterman III	Respond to of 99985

Excellent point !!!! PS - Stopped out on my mental stop for my calls, lost commission. May dip in again if I can catch another -600 TICK and support holds at previous close. Good Luck, Lee

To: Claud B who wrote (23124)	8/16/1999 2:08:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Iraq To Raise Oil Outlets Capacities BAGHDAD, Iraq (Reuters) - Iraq is on track to soon raise capacity of its oil export outlets to reach the pre-Gulf War level of 6.6 million barrels per day (bpd), an Iraqi oil source said in remarks published Saturday. ``Iraq has made progress in rehabilitating and repairing its oil export outlets in order to restore their full capacities,' the source said in statement carried by the Baghdad press. Iraq has several oil outlets. It has three main pipelines, one with Turkey, one with Saudi Arabia and another with Syria. Most of its outlets were closed due to the 1980-1988 Iraq-Iran war and the 1991 Gulf War over Kuwait. The pipeline with Saudi Arabia has been closed since Iraq's invasion of Kuwait in 1990. The pipeline with Syria has been closed since 1980 when Damascus sided with Iran in its war with Iraq. The other main outlet is through the oil terminals in the Gulf. Iraq is currently using the Iraq-Turkey pipeline and a terminal at the mouth of the Gulf in southern Iraq to export limited quantities of oil under the U.N. oil-for-food deal. The source said the Oil Ministry planned to restore the export pipeline to the Turkish Mediterranean coast to full capacity of an average of 1.6 million bpd. Export via the pipeline is currently about 1.1 million bpd. He said the Iraq-Syria pipeline had been repaired inside Iraq and work was continuing to fix the pipeline inside Syria. Iraq and Syria, ruled by rival factions of the Arab Baath party, agreed last year to reopen the pipeline. He said the two countries would soon announce the pipeline was ready for export with a target of about 300,000 bpd. The Oil Ministry is also rebuilding the al-Ameeq oil terminal at the mouth of the Gulf, he said.