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| Iraq |
| Iraq’s Oil Production Cap’y Up to 1.7 million BPD |
| 2003-08-05 |
| LONDON — Iraq reports an oil production capacity of 1.7 million barrels per day. Thamer Ghadhban, responsible for Iraq’s oil sector, said the figure is the highest since the U.S.-led war in Iraq in March. He said Iraq is preparing to export as much as 800,000 barrels per day from oil fields in Basra. "Iraq’s production capacity has risen to unprecedented levels since the war ended, reaching 1.7 million barrel per day," Ghadhban told the International Oil Daily. "Production is actually running at a rate of 1.55 million barrel per day." Ghadhban said sabotage has hampered Iraqi plans to increase oil production and exports. He cited attacks on the Kirkuk-Ceyhan oil pipeline from northern Iraq to Turkey, which was blown up on late July 31. I hope that we can keep the boomers away from the oil infrastructure and keep this production up! |
| Posted by:Alaska Paul |
| #5 yes. oil,oil,oil,oil,oil,oil,oil,oil,oil, Oh yeah. Oil. Yeah. |
| Posted by: Anonymous 2003-8-5 11:19:37 PM |
| #4 See? |
| Posted by: tu3031 2003-8-5 9:52:18 PM |
| #3 The United States has imposed sanctions on five Chinese firms and a North Korean company for selling weapons technology to Iran. The Chinese companies were named as: Taian Foreign Trade General Corporation of China; the Zibo Chemical Equipment Plant of China; the Liyang Yunlong Chemical Equipment Group Company of China; China North Industries Corporation (Norinco) and the China Precision Machinery Import/Export Corporation (CPMIEC) In 1997, China National Petroleum Corporation (CNPC), along with China North Industries Corporation (Norinco), signed an agreement with Iraq for a 22-year-long exploitation of half the Al-Ahdab field. Energy-hungry China is looking to revive a 1.2 billion oil project signed in Iraq under the Saddam Hussein regime that had been expected to produce 90,000 barrels per day a senior Chinese oil official said on Thursday. China through its largest state-oil group CNPC signed the contract in 1997 to develop the Ahdab oilfield south of Baghdad but couldn't start on the project immediately because of United Nations sanctions on the Middle East country. Aug 01, 2003 Schlumberger.com China North Industries was already under sanctions before they got caught selling weapons to Iran. I'll bet they'll get their oil anyway. If they do, clearly lust for oil and petrocash will have won over high minded excuses for our involvement in Iraq like 'liberation' and saving the world from tyrants, at least with regard to 'enemy' China. Oh yeah, major oil discoveries in China and Iran. Maybe they won't want the oil after all. |
| Posted by: Anonymous 2003-8-5 9:46:38 PM |
| #2 I can see the Lefties twitching now. "See! See! We told you! All about the oiiiiillll!" In Liberia, it must be all about the evening gowned freedom fighters. But, oh yeah, they want us in there. |
| Posted by: tu3031 2003-8-5 8:44:12 PM |
| #1 Not only is it the highest, most is not going to Syria at below-market rates to keep the Baath-love going as before. Exports = $, something that will get them back on their feet, and with our "influence" drive a stake into OPEC solidarity |
| Posted by: Frank G 2003-8-5 8:18:35 PM |