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Iraq to Up Southern Oil Output to 2.25 Million bpd by End 2006

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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 04:47 PM
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Iraq to Up Southern Oil Output to 2.25 Million bpd by End 2006
Iraq to Up Southern Oil Output to 2.25 Million bpd by End 2006
by Hassan Hafidh
Dow Jones Newswires

Iraq has begun a plan to hike crude oil production from its southern oil fields to 2.25 million barrels a day from the current 2 million b/d, the head of the country's South Oil Co. said Wednesday.

Speaking to Dow Jones Newswires by telephone from Basra, Abdul Jabbar Lauiby also said the company is implementing a project to increase export capacity at two Persian Gulf terminals.

"We have started a project to connect 100 producing oil wells in Rumala and West Qurana oil fields," Lauiby said.

"Work on this project is expected to finish by the end of this year," he said, adding "the project would increase crude oil production from these oil fields."

Although he didn't say how much the project would increase oil output, in previous remarks Lauiby said southern oil output is expected to reach 2.25 million b/d by the end of 2006.

(more)

http://www.rigzone.com/news/article.asp?a_id=34999

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Tight_rope Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 04:49 PM
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1. Well I'm sure we won't be seeing any of it in the USA...
moving along...nothing to see here.
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Gloria Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 04:59 PM
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2. Well, according to THIS article today, trouble may be brewing...
1//Azzaman in English, Iraq August 10, 2006

http://www.azzaman.com/english/index.asp?fname=news \2006-08-10\kurd3.htm



SECURITY WORSENS IN BASRA AS COUNCIL REJECTS PMS DECISION

By Nidhal Al-Laithi



The provincial council in the southern city of Basra has turned down an order by Prime Minister Noouri al-Maliki to dissolve and pass its responsibilities to an emergency committee.



Following a meeting, the council issued a defiant statement saying it would not abide by Malikis order.



The council is backed by powerful militias who wield immense power in the province.



The provinces security forces and the 10th army division deployed in Basra have declared allegiance to Maliki.


SNIP

Militias of religious parties control the city and government offices in it.



They are reported to have most of the 18,000 workers at the Southern Oil Company on their side and they frequently have threatened to halt oil production and exports if the government tries to limit their influence.

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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 05:13 PM
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3. 10% woohoo /sarcasm. n/t
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Kelvin Mace Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 05:23 PM
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4. And what are they smoking at this publication?
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