VOL. XLV

No 5

4-February-2002

IRAQ

IraqProposes To Drill 350 Wells In 2002

Accordingto the Baghdad-weekly al-Rafidain, the Iraqi oil authorities plan todrill 350 exploration and development wells in 2002. The weekly quoted an oilministry official on 22 January saying that five rigs have been purchased andseveral drilling contracts have been signed with international firms. MEESsoundings indicate that because of the sanctions and the very little upstreamdevelopment work, if any, that has taken...