Iraq expects oil exports to rise 300,000 bpd by Jan. 2006

Oct 10, 2005 02:00 AM

The head of Iraq's energy council said that Iraq expects oil exports to rise by about 300,000 daily by January, when a new government is elected with authority to decide on foreign involvement in the sector.
He said that US and British oil companies should have the first right of refusal because the US and Britain are committed to the liberation of Iraq.

Although forecasts to raise output has been regularly missed since the invasion, the head of the energy council said projects to restore overall oil facilities were getting under way and security had been raised to guard against sabotage in the north.
Political instability and the violence have delayed projects to rebuild Iraq's oil industry after the 2003 invasion.

Source: MENAFN
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