Iraq plans to sell 1.5 million barrels of oil daily in 2004

Sunday, November 16, 2003

Iraq plans to sell 1.5 million barrels of crude oil from fields in the south.

Iraqi officials said Baghdad intends to export 1.5 millions barrels daily from Basra light crude oil. They said the figure was set in contracts set for 2004.

The officials said Iraq has refurbished most of the oil infrastructure in Basra that will enable the exports. They said the exports will be sent by tankers through the Persian Gulf.

Iraq has been unable to export oil from the northern oil fields around Kirkuk. The pipeline that connects Kirkuk to Turkey has been repeatedly bombed by Sunni insurgents and officials said they don't expect Iraq to reach an export level of 2 million barrels per day in 2004.

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