The Iraqi Minister of Oil recently announced that Iraq had increased their oil output to 2.9 million barrels a day. However, that figure is exaggerated. Iraq only exported 2.2 million barrels a day due to the limitations of the infrastructure. Iraq is hoping to reach 3 million barrels a day in out put oil production by the end of the month. This remains to be seen as going from 2.9 to 3 million barrels a day in output capacity with the current limitations will be difficult. In any case, this is a milestone for Iraq.
http://www.foxbusiness.com/industries/2011/10/22/iraq-oil-output-capacity-jumps-to-250-million-bd-oil-minister/
October 2011Monthly Archives
Iraq Oil Output Capacity Increased in Oct 2011
Another CBI Interview Mudher
Second interview with the Central Bank of Iraq Advisor, Mudher Mohammed Saleh. It was an interview conducted by an al-Iraq TV producer in Arabic and translated to English. The topics are in regards to private banking and housing shortage projects. Housing is desperately needed in Iraq.
