VOL. XLVI

No 38

22-September-2003

IRAQ

State Department Estimates Iraqi Oil Exports To Average 1.5Mn B/D In 2004

A senior US State Department official has estimated Iraqi oil exports will average 1.5mn b/d in 2004 and 2.0mn b/d in 2005, or a production level of around 1.85mn b/d in 2004 and 2.35mn b/d in 2005 (MEES estimates Iraqi domestic consumption at around 350,000 b/d). These figures are much more conservative than the rehabilitation plan agreed upon between the Iraqi Ministry of Oil and the...