VOL. XLVI

No 10

10-March-2003

IRAQ

Iraqs Downstream Requires Immediate $700Mn Investment, Says 'Uqaili

Iraq has an immediate investment requirement of $700mn to maintain and upgrade its downstream, according to Thamir al-'Uqaili, head of a private consultancy, Petroconsult Canada, and formerly a senior official in Iraq National Oil Company (INOC) and the Ministry of Oil (1975-92) for the full text of his report, see page D1. At present, Mr 'Uqaili says, Iraq has to process around 400,000 b/d of...