Posts Tagged ‘Naft Khanah’
Oil minister Hussein al-Shahristani says Iraq will become an exporter of refined products within a few years. That’s a very optimistic assessment of the status of the Iraqi refining sector. True, Iraq has four new grass roots refineries with a combined capacity of 740,000 barrel per day offered to private investors. But it still has a long way to go before any investor jumps in and spends billions on building a new refinery when the existing ones suffer from inefficiencies, feedstock interruptions and products bottlenecks.
Despite having a nameplate capacity …
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 April 2003
Until two weeks ago, Iraq’s North Oil Co. (NOC) was responsible for production capacity of more than 1 million barrels per day, centering on the giant Kirkuk oil field.
Output came to an abrupt halt two weeks ago, when northern Iraq fell to US-led forces.
And now, NOC appears to have been battered almost out of existence: Its headquarters are destroyed, its data is lost, and equipment has been looted.
Yet the company’s directors are working to bring limited oil production back on stream to supply Iraqi …