< Back to Iraqi Dinar in the News March 28th, 2006

Iraq oil exports 1.2-1.4 mln bpd in last days

Iraq oil exports 1.2-1.4 mln bpd in last days
27 Mar 2006 10:04:14 GMT
Source: Reuters
(Adds background)

 

BAGHDAD, March 27 (Reuters) - Iraq's oil exports are currently running at around 1.5 million barrels per day (bpd) and were at between 1.2 and 1.4 million in recent days, a senior U.S. naval engineer overseeing export facilities said on Monday.

 

"They're running at around 1.5 (million bpd) now," Captain Mike Sherbak, who is in charge of renovations at the Basra Oil Terminal, told reporters. "It was about 1.2, 1.4 in the last couple of days."

 

Daniel Speckhard, the senior U.S. diplomat in charge of economic reconstruction projects in Iraq, said overall national oil production was running at about 2.0 to 2.1 million bpd and that a target for raising production -- with current infrastructure -- of 2.8 million bpd remained in place.

 

"We're working to get that to 2.8 million of production with a total capacity of three million," Speckhard told reporters at a news event organised by the U.S. embassy to showcase reconstruction work on the Basra Oil Terminal.