Iraq's oil production capacity up to 1.7 million BPD

Monday, August 4, 2003

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.

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