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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (97852)	5/10/2003 10:21:20 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 281500

Moot point, at this stage, since the capacity to produce isn't there. Actually, that's not quite right. Iraq had some 11 million barrels of oil in Turkish storage tanks, but it can't be sold while the sanctions are in place. I don't believe it was the pump stations and day storage tanks that were affected by the looting, but the refineries. And two of those refineries have come back up into operation. But the oil fields are ready to recommence pumping at least 1 million barrels per day: money.cnn.com Iraq looks to boost oil output Newly appointed oil executive says production will increase to 1.5M bpd to meet Iraqi needs. May 7, 2003: 8:46 AM EDT BAGHDAD (Reuters) - Iraq aims within three weeks to boost output at its oilfields to 1.5 million barrels per day (bpd) from current rates of 200,000 bpd to supply the war-torn country's power and domestic needs, a top Iraqi official said Wednesday. Veteran Iraqi politician Thamir Ghadhban, recently appointed chief executive of Iraq's oil sector, told Reuters the export network was in good shape but the priority now was to meet Iraq's internal fuel requirements. "1.5 million bpd is the rate required to supply enough liquefied propane gas (LPG) and enough gas for the power and some of the industrial plants," Ghadhban told Reuters in an interview. Hawk