Thursday, July 06, 2006
Iraqi oil production at 2.5 mln bbl/day
Overall, this seems like good news...
For Reuters-AlertNet, Joel Rothstein reports:
"June 25 (Reuters) - Iraq's new oil minister offered an optimistic forecast for the country's oil industry on Sunday, saying daily production has reached 2.5 million barrels a day and that Iraq hoped to rival top oil exporter Saudi Arabia within a decade."
"Iraq expects its daily oil production to reach 2.6 million to 2.7 million barrels per day (bpd) by the end of the year, rising to about 4 million bpd by 2010, and 6 million bpd by 2012, Hussain al-Shahristani said in an interview on CNN's 'Late Edition.'"
