NICOSIA (AFX) – Iraq’s oil ministry has finalised an “optimistic” plan to raise oil output to 2.8 million barrels per day (b/d) by April 2004, the Middle East Economic Survey (MEES) said in a report. The target figure depends on the “necessary security, electric power and finance” being in place, the Cyprus-based industry newsletter said….
IRAQ: Ministry launched US$1.6 billion plan to raise oil output to 2.8 million b/d
Posted on July 30, 2003 by EnergyAsia