Iraq Oil Exports Near 2M B/D After Reopening North Pipe - AFP

Iraq has boosted its oil exports to almost 2 million barrels a day after reopening a pipeline to Turkey and hopes to sharply raise output in 2008, a senior oil official said Wednesday.
Dow Jones Newswires
Τετ, 21 Νοεμβρίου 2007 - 06:39
Iraq has boosted its oil exports to almost 2 million barrels a day after reopening a pipeline to Turkey and hopes to sharply raise output in 2008, a senior oil official said Wednesday.

Falah Alamri, director general of Iraq's State Oil Marketing Organization, told an international security forum exports were now about 1.8 to 1.9 million barrels a day, boosted by the 300,000 barrels a day now going from the northern Kirkuk region to the Turkish Mediterranean port of Ceyhan.

Alamri said security had also improved on the southern pipeline which runs through the port of Basra but gave no details.

The northern pipeline reopened in August having been largely paralyzed by attacks and the decrepit state of Iraq's oil infrastructure since the U.S.-led invasion of 2003.

"So far Kirkuk has managed to export all of the oil that it has produced," Falah told the conference.

He said Iraq was now producing about 2.5 million barrels a day of oil and was planning to increase production to 3 million barrels a day by the end of 2008. He said production could be increased to 6 million barrels a day within six years.

But he said the country still needs international help to prevent attacks on pipelines, production facilities and other infrastructure over the next four years. Oil is by far Iraq's biggest source of revenue.

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