Iraq's oil production capacity up to 1.7 million BPD
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SPECIAL TO WORLD TRIBUNE.COM
Monday, August 4, 2003
LONDON Ñ 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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