VOL. XLIV

No. 04

22-January-2001 

IRAQ

Iraq’s Current Oil Production Capacity Is 2.8Mn B/D, No Early Expansion In Prospect

MEES learns that Iraq’s crude oil production capacity, taking into account the current condition of wells and water injection facilities, stands at around 2.8mn b/d (see Tables below). It is clear, therefore, that up to 1 December 2000, when Iraqi exports fell sharply after most international customers refused to pay a surcharge into an account...