Posts Tagged ‘KBR’
9 March 2005
Almost two years after the US-led war ousted the Baath regime, Iraq is still struggling to meet prewar production levels at its dilapidated oil fields.
Iraq’s southern oil fields, which accounted for the majority of prewar production of 2.8 million barrels per day, are currently managing just 1.85 million b/d — and even this rate is causing great distress to reservoirs, Iraq’s interim Oil Minister Thamer al-Ghadban said Tuesday.
Iraq’s oil ministry has been allocated a $3 billion budget in 2005 to restore former production and raise …
7 May 2003
With current efforts in Iraq’s oil sector focusing on near-term repairs and restoration, cooperation between officials from the US and Iraq is proceeding smoothly. But Iraqi oil technocrats appear more skeptical about cooperation with the US on long-term policy, according to soundings by International Oil Daily in Baghdad.
There is already internal debate among Iraqi officials about the correct course for the industry going forward, with some wanting to sort out this stance before a US-appointed advisory committee — which Washington wants to help shape future oil …
7 May 2003
A combination of rundown power infrastructure and war damage is forcing Iraq to import oil products to relieve severe shortages that have almost brought the country to a halt.
The first shipments of gasoline and liquefied petroleum gas from Turkey and Kuwait are due to arrive this week, Iraqi and US sources said. At the same time, the northern Baiji refinery resumed minimal operations on Tuesday.
“We are taking short term measures to bring in LPG from Turkey and both LPG and gasoline from Kuwait, while at …