DOHA (AFX) – Iraq will require investments of the order of US$40-50 million to bring its oil industry back to full working order, said the country’s interim oil minister, Ibrahim Bahr al-Ulum. Iraq hopes to raise its output to 2 million barrels per day from the current 1.7 million by the first quarter of next…
IRAQ: US$40 to $50 billion needed to revive oil industry; forecast of 2 million b/d output by Q1
Posted on December 2, 2003 by EnergyAsia