Middle East Economic Survey

VOL. XLVIII

No 18

2-May-2005

IRAQ

SOMO Chief Hopeful Of 4Mn B/D Output By End-2005, Questions Product Subsidies

The impact of ongoing sabotage, smuggling and lack of stability, which has prevented any large-scale foreign investment in Iraqs oil sector means that Oil Ministry plans to raise oil production to 6mn b/d by 2010 will not be achievable, according to State Oil Marketing Organization (SOMO) Director-General Diya al-Bakka. Speaking in an interview published by...