Middle East Economic Survey

VOL. XLVIII

No 20

16-May-2005

IRAQ

New Iraqi Oil Minister Pledges To Raise Production Capacity, Establish NOC

Ibrahim Bahr al-ʹUlum, appointed Iraqs oil minister on 8 May, lost no time in setting out his priorities of raising production capacity and establishing a national oil company (NOC) by the end of the year. Speaking after his parliamentary confirmation, Dr Bahr al-ʹUlum said he would launch a new crude production program and announce plans for the northern...