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Q: Iraq oil production ( No Answer,   1 Comment )
Question  
Subject: Iraq oil production
Category: Business and Money > Economics
Asked by: traderjohn-ga
List Price: $10.00
Posted: 17 Mar 2005 13:26 PST
Expires: 16 Apr 2005 14:26 PDT
Question ID: 496356
How much oil is Iraq currently producing (either in barrels or dollar
amount) and where is that money going? (Please provide source of answer)
Answer  
There is no answer at this time.

Comments  
Subject: Re: Iraq oil production
From: elids-ga on 17 Mar 2005 14:10 PST
 
Iraq produced a little over 2 million barrels of oil per day in 2004. 
from     http://www.eia.doe.gov/emeu/cabs/iraq.html       a EIA
(Energy Information Administration US)site

"As of early November 2004, Iraqi oil output was fluctuating somewhat,
but generally was averaging around 2.2 million barrels per day (bbl/d)
on a "gross" basis (and about 2.0 million bbl/d on a net basis).
Officially, Iraq aims to reach 3.0 million bbl/d of oil output by the
end of 2004, although this looks unlikely"

"On May 22, 2003, the U.N. Security Council passed Resolution 1483,
lifting sanctions on Iraq, phasing out the 6-year-old U.N.
oil-for-food program over six months (the program ended on November
21, 2003), and designating a U.N. "special representative" to assist
Iraq in its reconstruction efforts. In addition, according to the U.S.
State Department, the resolution "stresse[d] the right of the Iraqi
people to freely determine their own political future and control
their own natural resources" (including oil), "encourage[d]
international support for Iraq's recovery," and "enliste[d] the
support of international financial institutions" in this effort. In
June 2003, Paul Bremer suggested that revenues from oil sales "could
be distributed to Iraq's citizens as 'dividends', along the lines of
the system used by the State of Alaska." Currently, the revenues go
into an Iraqi Development Fund, under control of the CPA."

Google search querry: Iraq Oil Production US


Hope that helps

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