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Iraq hopes to export 2 million barrels of oil per day in 2004

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Thursday, December 18, 2003

ABU DHABI Iraq intends to reach an oil export level of two million barrels per day over the next few weeks.

Iraqi Oil Minister Ibrahim Bahr Al Ulum said Iraq hopes to increase its exports to two millions barrels of oil per day within the first quarter of 2004. The current export level is 1.5 million barrels per day.

Al Ulum toured Gulf Cooperation Council states to resume oil cooperation between Baghdad and its Gulf Arab neighbors. So far, Kuwait, Qatar and Saudi Arabia have expressed interest.

One issue that has been pursued by Iraq is the resumption of operations of an oil pipeline through Saudi Arabia. The pipeline was closed in 1990 after the Iraqi invasion of Kuwait.

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