10 July 2002 Iraq is aiming to increase its sustainable oil production capacity to 3.5 million barrels per day by the end of 2003, without help from foreign oil companies and assuming that UN sanctions remain in force for the foreseeable future, Iraqi oil ministry sources say. Iraqi Oil Minister Amer Rashid recently put current sustainable production capacity at 3.2 million-3.3 million b/d, although other estimates are lower. Under a…
Tag: faleh al khayat
Big Fish
14 July 2000 Preparing for the day when UN sanctions are finally lifted, Iraq went touting its oil wares to an international audience in Paris last week. The audience – which included supergiants Exxon Mobil, Royal Dutch/Shell, BP Amoco, and Total Fina Elf, as well as a host of slightly smaller fry – also got to hear about some ambitious post-sanctions marketing plans, including moves to recapture more of the…