1 October 2005
Iraq: Progress of sorts
IRAQI OFFICIALS are increasingly confident that the revival in oil production registered since July 2005 will continue throughout the rest of the year, raising exports to 2m barrels a day (b/d) by year-end. Shamkhi Faraj, director general of economics at the oil ministry, has forecast that exports could rise from the present level – around 1.6m b/d – to 2m b/d as long as the Kirkuk-Ceyhan export pipeline remains free of sabotage. Since mid-2005, crude exports have increased by around 200,000 b/d as a result of improved flows through the northern pipeline. Even if attacks on the pipeline continue, Faraj claims exports would reach 1.7m-1.8m b/d based on increases expected in the southern field
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