«
»

More oil to be produced in Iraq

More oil = more revenue for Iraq, correct? More revenue equals… well, more revenue! I can’t imagine more money being a bad thing!

Test pumping is set to begin soon in the Nassiriya field, part of the al-Geteaa area that is about 380 km south of Baghdad. Expected output is 15,000 bpd – they will only be utilizing 3 of 5 wells in the field.

State run South Oil company director Dhiaa Jaafar states that production will begin in a few days.

Share

Related posts:

  1. Kurds get approval to export oil
  2. South Rumalia, Iraq – Iraqi oil minister involved in tender issue
  3. Key dates for 2009 Oil in Iraq
  4. Change is coming for Iraq, oil price is rising
  5. New 40,000 BPd refinery opens in Kurdistan

This entry was posted on Wednesday, June 17th, 2009 at 10:23 am and is filed under General Iraq Discussion, Iraq Finance, Iraq news, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “More oil to be produced in Iraq”

  1. Robert Robert says:
    June 17, 2009 at 1:56 pm

    Would be good them if they RV the Dinar. Makes sence as they would get more for they buying power. Think it
    should go up to about $1.25 They would ba able to
    get the country back is shape a lot faster.