Archive for the ‘2003’ Category
27 February 2003
Unfazed by the current US military buildup and the potential risk to rigs from air raids or invading forces, Iraq’s Oil Drilling Co. (ODC) is forging ahead with drilling across the country’s oil fields in an attempt to beat its record of last year.
But separate activities by foreign drillers under the UN’s oil-for-food program have been hit by the threat of war, with international companies either withdrawing or preparing to do so.
In 2002, ODC — one of 15 companies under the umbrella of the oil …
24 February 2003
Having missed the boat on sales of natural gas by pipeline to Turkey, despite signing a memorandum of understanding in 1996, Iraqi officials are now drawing up plans to enter the broader international gas market.
These include proposals to join a regional gas pipeline network, as well as construction of a liquefied natural gas (LNG) terminal in southern Iraq.
Boosting Iraq’s natural gas reserves and export capabilities is one of the top priorities in a newly launched 10-year plan drawn up by the Oil Ministry.
“There is …
21 February 2003
Unfazed by the prospect of an imminent war, Iraqi oil officials are forging ahead with a 10-year plan drawn up last year, which aims to bring on stream early oil production from discovered but not-yet-developed fields, as well as launch an ambitious oil and gas exploration program to boost proven reserves.
The 10-year plan, which stretches through 2012, aims at almost doubling oil production capacity in the first six to seven years, from a current official level of 3.2 million barrels per day to 6 million b/d, …