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.
Related posts:
- Kurds get approval to export oil
- South Rumalia, Iraq – Iraqi oil minister involved in tender issue
- Key dates for 2009 Oil in Iraq
- Change is coming for Iraq, oil price is rising
- New 40,000 BPd refinery opens in Kurdistan
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on Wednesday, June 17th, 2009 at 10:23 am and is filed under General Iraq Discussion, Iraq Finance, Iraq news, Uncategorized.
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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.